Best Bank - Trinidad & Tobago
Nov 1, 2010
Trinidad & Tobago’s (T&T) Republic Bank has been able to grow its assets despite a weak economy and reduction in its loan portfolio.
This has left the bank with ample liquidity, but not a lot of entities to lend to, says managing director David Dulal-Whiteway.
Assets increased to 44.3 billion Trinidadian dollars ($7.0 billion) in the first quarter of 2010, up from 42.4 billion Trinidadian dollars a year earlier, according to S&P.
"There is no credit crunch here, but demand for credit is weak both in the retail and commercial sectors," says Dulal-Whiteway. "Two or three years ago, before the global financial crisis, our loan-to-deposits ratio was usually around 80%. Nowadays it is around 60%," Dulal-Whiteway says.
S&P considers this to be positive considering the difficult economic conditions in the country, whose GDP JPMorgan expects to see grow by...
Already have an account?
Subscribe
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Subscribe
Free trial
Take a free two-week trial now for the latest news, data and market analysis.
Free Trial