Capital G Bank Ltd will be making a formal announcement about the outcome of potential partnership discussions “in the very near future”, a spokesman said yesterday.

At the beginning of December the privately held bank confirmed it was in discussions regarding its future, calling the move part of its overall strategic growth plans, and stating in a release that the aim of the talks were a “broadening its product offerings, growing the size of its customer base and competing more aggressively for business locally and internationally”.

Yesterday the Capital G spokesman would not confirm rumours that the Bank is exploring links in the Islamic finance sector. He said: “We have nothing new to report at this time.

“We will be in touch with all media in the very near future with a formal announcement.”

Capital G is one of the Gibbons Group of Companies, which has extensive operations in Bermuda and internationally.