Republic trumps in emerging markets

The bank was awarded the title based on growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products, according to a statement from the company.

On commenting on the success, Republic Bank’s managing director, David Dulal-Whiteway said, “We are honoured to have been singled out for the third consecutive year as the best emerging market bank in Trinidad and Tobago.”

“I am pleased to say that our successes stem from a range of key factors including strategic regional acquisitions and increased profitability; to a visionary approach to customer service and information technology and an exceptionally dedicated staff,” he added.

“This award is in keeping with our vision of creating a true Caribbean Bank that empathises with the goals, dreams and aspirations of the Caribbean people,” Dulal-Whiteway said.

Global Finance editors, with input from industry analysts, corporate executives and banking consultants, selected the best emerging market banks in Latin America and in 18 countries around the world.

This is the 13th year that the magazine has selected top banking performers in emerging markets, Republic said. Other sections of the report cover banks in Asia, the Middle East and Africa, Eastern Europe and Central Asia.

“Emerging markets are attracting increased attention as the global economy expands,” said Joseph D. Giarraputo, publisher and president of Global Finance.

“We have identified the banks that provide service to corporations seeking to take advantage of substantial opportunities for growth in a sometimes challenging environment,” he added.