PRESS RELEASE – The Bank of Nevis Limited announces sale of Bank of Nevis International Limited’s Banking Operations

31 December 2019 (Charlestown Nevis) -The Bank of Nevis Limited announces that it has entered into an agreement with Petrodel Investment Advisers (Nevis) Limited (PIAN), a Nevis registered company, for the purchase of the banking operations of Bank of Nevis International Limited. PIAN will own one hundred percent (100%) shares of Bank Of Nevis International Limited and will continue to operate the Bank under its existing name until further notice.

The sale was executed on 31 December 2019. The Bank will continue its operations uninterrupted at its new premises located at Island Main Road, Nelson Spring, Nevis from Friday 03 January 2020.