November 1, 2011
Trinidad & Tobagos Republic Bank ended the third quarter in good shape, with net profits increasing 8% over the last year, says managing director David Dulal-Whiteway. The banks loan portfolio is strong, while delinquency rates and non-performing loans are low, he explains.
This is all good news in a banking system that has seen increased competition and low interest rates due to increased liquidity. With a healthy balance sheet, Republic is prepared for future growth.
Though the commercial side of the business has seen a slowdown, Republic Bank has been able to continue lending because of strong liquidity and capital ratios that far exceed regulatory requirements.
Trinidad & Tobago - Best Bank – Republic Bank