Bridgetown.
The National Insurance Scheme Board (NIS) may consider exchanging its shares in the former Barbados National Bank for equity in the parent company the Republic Bank in Trinidad.
Dr Justin Robinson the chairman of the NIS, told Trakker News that his board has not met to discuss the $5 dollar share offer by Republic Bank for its 9.70 million shares in the former Barbados National Bank (BNB), he however expressed the view that a share swap for a stake in Republic Bank which trades on the Trinidad and Tobago Stock Exchange for the equivalent of BDS$36.54 per share might be the better deal.
"If we are planning to do anything, it might be to exchange former BNB shares for equity in the Republic Bank as a way of diversifying the portfolio. We have shares in the subsidiary, if we can do a share swap which give us shares in the entire Republic Bank that might interesting", Robinson said.
