September 18, 2012
BOSVG pays 2012 interim dividend to its shareholders

The Bank of St Vincent and the Grenadines has paid its shareholders an interim dividend for 2012.{{more}}

The Govenment of St Vincent and the Grenadines yesterday received a cheque of EC$800,000, which represents the Government’s share of the dividend payment.

The Board of Directors of the Bank approved the payout of $2 million, that is 20 cents per share, for the first six months of the 2012 financial year, to the shareholders on record.

The cheque for $800,000 represents a dividend payment for the four million shares held by the Government of St Vincent and the Grenadines in the Bank.

The Government owns 40 per cent of the shares in the bank, which was formerly the National Commercial Bank. The majority shareholding, 51 per cent, is held by East Caribbean Financial Holding Ltd. of St Lucia.