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...
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