Standard Chartered Set to Sell its Minority Share Holding in Seychelles’Nouvobanq S.I.M.B.C.

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Nouvobanq will continue to operate its business as usual throughout this period, the bank assured. Nouvobanq is a commercial bank, founded in 1991, in a joint venture between the Seychelles government and Standard Chartered

Nouvobanq S.I.M.B.C. (Seychelles International Mercantile Banking Corporation) has announced that its main British banking partner, Standard Chartered Bank, and a consortium of Eastern and Southern African Trade and Development Bank and SWC Limited, have agreed the sale of Standard Chartered’s 22 percent minority shareholding in Nouvobanq.

Nouvobanq will continue to operate its business as usual throughout this period, the bank assured. Nouvobanq is a commercial bank, founded in 1991, in a joint venture between the Seychelles government and Standard Chartered.

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Of late, a lot of changes are taking place in the financial sector in Seychelles to make it more transparent, accountable, and modern. This is primarily to attract more investments.