Thursday, November 23, 2017

Republic profits jump 32 per cent *


Republic Financial Holdings Limited (RFHL), yesterday reported a net profit attributable to shareholders of $1.25 billion for the year ended September 30, 2017, a 32.3 per cent increase in its actual reported profit compared to its 2016 performance.

In a statement, the holding company of T&T's largest financial institution, Republic Bank, said its profitability for 2017 represented an increase of $69 million (5.8 per cent) over the core profit of $1.18 billion reported in 2016. The bank's core profit strips out one-off items, which negatively impacted the 2016 results to the tune of $237 million.

 

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