Close Menu
Asberth News Network
    Facebook Instagram
    • Home
    • Privacy Policy
    • Terms of use
    • Download App
    Facebook Instagram
    Asberth News Network
    • Home
    • Latest News
    • Breaking News
    • Local News
    • Regional/International News
    • Sports
    • Opinion
    • Back to School
    Asberth News Network
    Home»Main Story»RFHL RECORDS US$189 MILLION IN THIRD QUARTER PROFITS
    Main Story

    RFHL RECORDS US$189 MILLION IN THIRD QUARTER PROFITS

    August 3, 2023Updated:August 3, 2023No Comments2 Mins Read
    Facebook Twitter LinkedIn Email Telegram WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Advertisements

    Port of Spain, Trinidad, July 31, 2023: The Chairman of Republic Financial Holdings Limited (RFHL), Vincent Pereira, announced today that the Group recorded profit attributable to its equity holders of US$189 million for the nine-months ended June 30, 2023. This represents an increase of US$17.5 million or 10.2% over the US$171.5 million reported in the corresponding period of the last financial year. Total assets stood at US$17.1 billion on June 30, 2023, an increase of US$214.5 million or 1.3% over the total assets at June 2022. This increase was attributed to growth in customer deposits across our subsidiaries in the Cayman Islands, Eastern Caribbean, Guyana, and Barbados.

    Advertisements

    In announcing the results Mr. Pereira said, “The Group’s performance for the third quarter of this fiscal year continued to be strong, boosted by sustained growth in our loans and investment portfolios across all subsidiaries. Both this growth and the stable or rising interest rate environments in most of our operating countries contributed to overall increases in net interest income. Ongoing resurgence of tourism activity in the markets in which the Group operates also supported growth in non-interest income.”

    As we approach our fiscal year end, the Group will maintain its focus on revenue generation, expense management, digital enhancement strategies, employee and client satisfaction. Our ESG initiatives will continue to be prioritized with the launch of the Micro, Small and Medium Enterprises lending programme in Trinidad and Tobago in June 2023. Together with the rollout of our Climate Finance solutions and our commitments under the UN Principles for Responsible Banking, they will provide a boost to smaller businesses in urgent need of financing for socially responsible projects.

    Advertisements


    In closing, Mr. Pereira said, “I express thanks to all our valued staff members who continue to serve our customers and key stakeholders who contributed towards the RFHL Group’s achievement of outstanding results for this period.”

    Advertisements
    Advertisements
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Five Bold Entrepreneurs to Compete in Business Pitch Competition at the Men’s Empowerment Project

    July 4, 2025

    SVBL Launches “Smart Sips” Campaign for Vincy Mas 2025

    July 4, 2025

    Plain Talk -Carnival is more than a Fete

    July 4, 2025

    World Pediatrics Orthopedics Team Returns to SVG, Performs 19 Life-Changing Surgeries

    July 4, 2025
    Add A Comment

    Comments are closed.

    Advertisements
    • Home
    • Latest News
    • Breaking News
    • Local News
    • Regional/International News
    • Sports
    • Opinion
    • Back to School
    Our Socials
    • Facebook
    • Instagram
    ANN

    Asbert News Network is the premier destination for local, regional and international news in St. Vincent and the Grenadines. It’s tomorrow’s news today.

    © 2025 Asbert News Network
    • Home
    • Privacy Policy
    • Terms of use
    • Download App

    Type above and press Enter to search. Press Esc to cancel.