KINGSTOWN, St. Vincent, CMC – Prime Minister Dr. Ralph Gonslaves is urging nationals to purchase shares in the Bank of St. Vincent and the Grenadines that on Monday launched an initial public offering (IPO) hoping to raise expansion capital of more than EC$17 million (One EC dollar = US$0.37 cents).
The former state-owned bank, is offering two million shares at a price of EC$8.64 and Gonsalves told a news conference “it is not a bad investment.
“For the first time, Vincentians would have the opportunity to be a part of the share owning class in a banking institution. So this is the first time we are having a commercial bank providing the opportunity for ordinary Vincentians to be part of the share owning class.
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