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Republic Group records US$138.3M in profits

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Republic Financial Holdings Limited has recorded a net profit attributable to shareholders of US$138.3 million for the third quarter ended June 30, 2016.

This represents an increase of 1.1% over the corresponding period in 2015.  Total assets stood at US$10.5 billion at June 30, 2016, an increase of 10.4% over June, 2015.

The Group’s Chairman, Ronald Harford, in announcing these results said that the 2016 results consolidate the performance of the new subsidiaries – Republic Bank (Suriname) N.V and HFC (Ghana) Limited – which was not the case in the comparative period in 2015.

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