RBC selling its Suriname unit

Royal Bank of Canada is selling its Suriname business to Republic Bank.

RBC selling its Suriname unit
Royal Bank of Canada is selling its Suriname business to Republic Bank. It has not revealed full details of the transaction but has said that it will record a $23 million loss on write-downs and other intangibles. RBC has been offloading its less profitable Caribbean assets recently.  

 

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