Port-of-Spain, Trinidad, February 7, 2024: The Chairman of Republic Financial Holdings Limited (RFHL), Vincent A. Pereira, announced today that the Group recorded a profit attributable to equity holders of US$82 million for the three-month period ended December 31, 2024, an increase of US$7 million or 8.8% year-on-year, driven by solid growth across the Group’s core banking operations and prudent management of costs. Total assets stood at US$18.5 billion at December 31, 2024, an increase of US$1.3 billion or 7.3% over the total assets at December 2023. This increase was mainly fuelled by growth in the loan portfolios across all subsidiaries.

In announcing the results Mr. Pereira said, “The Group has delivered a strong performance that demonstrates our resilience and adaptability despite ongoing challenges in the global, regional, and local markets, and this growth reflects our commitment to supporting individuals, businesses, and communities in their financial endeavours.”

He added, “Based on these results, the Board of Directors has declared the first quarterly interim dividend for the year, of US$0.08 per share, payable on February 28, 2025, to all shareholders on record at February 19, 2025. Despite the challenges posed by inflationary pressures, geopolitical tensions, and fluctuating interest rates, the Group remains committed to delivering long-term value to our shareholders while maintaining a sound risk management framework. Our diversified business model, with its focus on innovation and digitisation, customer service, and financial strength, has allowed us to perform well, even in uncertain times.”

In closing Mr. Pereira said, “I would like to express my gratitude to our employees, customers, and shareholders for their unwavering support and trust in our Group. Together, we will continue to build on this strong foundation and look ahead to a bright future.”