Republic Financial sees increased profits

In announcing the results, Group Chairman, Ronald F. deC.Harford, said the halfyear results were mainly driven by a reduction in loan impairment expense and taxes in the group’s subsidiary in Ghana. He added that an improvement in the performance of the group’s operations here also contributed to the results. He said, “The Group remains focused on improving asset quality and operational efficiency.

Notwithstanding the challenging global economic environment, we expect to achieve a creditable performance for 2017.” Based on the results, the company’s board of directors has declared a halfyear dividend of $1.25 (2016:$1.25) per share payable on June 01.