November 1, 2013
When you’ve spent 176 years in business, chances are it means you’ve struck a winning formula. So it is that Republic Bank, which has been in the English-speaking Caribbean for that long, has notched up another strong year.
The bank grew assets to 55 billion Trinidad dollars ($8.7 billion) in June 2013, up from 51 billion Trinidad dollars a year earlier, and maintained an impressive capital adequacy ratio of 30%. Similarly it performed well. In the nine months to June 30 (Republic Bank’s financial year ends in September), it reported pre-tax profits of 1.1 billion Trinidad dollars, in line with the same period the previous year.
Still, its profitability declined: Republic’s return on aver
The island’s biggest and most profitable bank is looking across the Atlantic for growth