RFHL records US$225 million in third quarter profits

Port-of-Spain, Trinidad, July 31, 2025: Vincent A. Pereira, Chairman of Republic Financial Holdings Limited (RFHL), announced today that the Group recorded profits after tax and non-controlling interests of US$225 million for the period ending June 30, 2025, an increase of 1.7% compared to the same period in the prior year.

In announcing the results Mr. Pereira shared, “In an ever changing and challenging global operating environment, this steady and reliable performance is testament to the Group’s resilience, strong diversified business model and prudent risk management practices. The underlying performance of our core banking operations remained sound, with continued growth in net interest income and improved customer engagement across key markets. These outcomes are a testament to the strength of our franchise, the depth of our customer relationships, and the commitment of our teams across all subsidiaries.”

He went on to say, “Our asset base remains robust, reinforced by strong capital positions and healthy liquidity buffers, which continue to support our long-term strategy and provide a solid foundation for sustainable growth. Our commitment to digital innovation and operational efficiency remains a priority, and we are progressing steadily on key initiatives aimed at enhancing the customer experience and improving cost structures. During the quarter, the Group initiated its Offer to acquire the remaining shareholding in Cayman National Corporation in the Cayman Islands.  The Offer closed on July 29, 2025.”

Based on these results, the Board of Directors has declared the third quarterly interim dividend for the year of US$0.15 per share, payable on August 29, 2025, to shareholders on record as at August 15, 2025.

Mr. Pereira further added, “While economic conditions remain fluid, we are confident in our ability to adapt and deliver long-term value. The Group will maintain its focus on operational efficiency, employee engagement, risk discipline, and delivering superior customer experiences as we continue to build a more agile and future-ready organisation.”

In closing, Mr. Pereira said, “I extend my sincere gratitude to our employees, customers, shareholders, and regulators for their continued support.”