By Erasmus Williams
Basseterre, St. Kitts. July 23, 2018 – The St. Kitts-based Eastern Caribbean Central Bank (ECCB) has announced the revocation of the licence granted to RBTT Bank Caribbean Limited (St. Kitts).
ECCB’s Deputy Governor Trevor O.B. Brathwaite said the revocation of the licence to carry on banking business in St. Kitts and Nevis took effect from July 2, 2018.
He said the action was taken on the basis that the bank has ceased to carry on banking business pursuant to section 14 (1) (e) of the Banking Act No. 1 of 2015 of the laws of St. Kitts and Nevis.