RFHL Records US$152million in Half Year profits

Port-of-Spain, Trinidad, May 2, 2025: Vincent A. Pereira, Chairman of Republic Financial Holdings Limited (RFHL), announced today that the Group recorded profits attributable to equity holders of US$152 million for the period ended March 31, 2025, an increase of 1.1% when compared to the prior period. Growth for the period was bolstered by the Group’s robust loan growth and prudent cost management. Total assets stood at US$19 billion at March 31, 2025, an increase of US$1.4 billion or 7.8% over the total assets at March 2024. This increase was mainly fuelled by growth in the loan portfolios across all subsidiaries, with healthy contributions from both the Group’s retail and corporate banking segments.

In announcing the results Mr. Pereira shared, “As the global community continued to grapple with evolving macroeconomic conditions and geopolitical uncertainty, the Republic Financial Holdings Group continued to demonstrate resilience, operational strength, and commitment to delivering sustainable value to our stakeholders.”

Based on these results, the Board of Directors has declared the second quarterly interim dividend for the year, of US$0.09 per share, payable on May 29, 2025, to shareholders on record as at May 14, 2025. This brings the total dividend for the period to US$0.17.

Mr. Pereira went on to say “In a period marked by global uncertainty and market volatility, we continue to prioritise financial stability and long-term value creation, while also reinforcing our role as a responsible financial institution. Our strategic transformation journey is progressing well, and we remain focused on enhancing our digital banking capabilities, deepening customer relationships, and innovating across all touchpoints.”

He added, “Looking ahead, while uncertainties will persist in the global economy, the RFHL Group is well-positioned to navigate challenges and capitalise on opportunities. We remain committed to delivering sustainable value to our shareholders, supporting our customers, and contributing to the broader economy.”

In closing Mr. Pereira said “On behalf of the Board, I extend my sincere appreciation to our customers for their trust, our employees for their dedication, and our shareholders for their continued support. Together, we will build on this momentum in the quarters ahead.”