Government’s gain of Republic Bank’s shares from CL Financial is only an interim measure to secure financial support from the State and will not involve operational control of the bank, managing director David Dulal-Whiteway said last night.

The board of directors, management and governance of the bank will remain unchanged.

’Republic Bank is committed to working with the government and the Central Bank to ensure the continued stability of the financial systems and will continue to carry out its activities in the best interest of our stakeholders,’ Dulal-Whiteway said in a statement.

Bank staff will respond to questions from customers and shareholders, he added.