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What’s Best For Bank Of Saint Lucia

Prime Minister Allen Chastanet and minister in the ministry of finance Dr. Ubaldus Raymond are both dismissing reports of an imminent sale of government’s shares in bank of Saint Lucia as premature.

The country’s leader and finance official say what is undeniable however, is that like many other financial institutions, BOSL is facing serious challenges in areas such as de-risking, capital sourcing and non-performing loans.

They say this reality means it is time to look at what is best for the bank’s survival.

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