Republic records $329.7M profit

In a statement RFHL said its total assets stood at $68.5 billion at December 31, 2016, an increase of 4.3 per- cent and 2.4 percent over September, 2016 when compared with the results of December 2015.

In announcing the results, Chairman of the Holdings Company, Ronald Harford, said the results were driven by a reduction in loan impairment expense in the Group’s Ghana subsidiary and improvements in the performance of the Trinidad and Tobago operations. “The Group remains focused on improving asset quality and efficiency,” Harford said.

Noting the current economic challenges faced in the environment, he added that the Group expected to achieve a creditable performance for 2017.

He also expressed his appreciation to customers for their support and to the management and staff of the Group for their continued hard work