After over five decades, Scotiabank's era has come to an end in Belize.
The signs on the largest branch in the city came down today - to be replaced by the new brand, "Belize Bank Corporation Limited (BBCL)"
In June of last year, we told you that Lord Ashcroft's Caribbean Investment Holdings Limited had purchased Scotiabank Belize Limited.
And, tonight, four months after approval by the Central Bank the changeover is complete.
In an email to its customers, Scotiabank detailed some changes that they can expect. The email tells customers who use mobile or online banking that they will have to switch over to a BBCL application or website. If you are used to receiving transaction alerts via email or text when using your debit or credit cards, this service will be discontinued. In terms of deposit and loan products, the BBCL will continue with these.
And while those details of the changeover may bedevil customers for a few weeks, in the long term, what emerges now is the largest commercial bank holding in Belize, under the Ashcroft Alliance.
