Republic Bank Named Bank Of The Year- Caribbean

Port-of-Spain, Trinidad: December 8 2015: LatinFinance, a leading and well respected international banking and finance publication, has named Republic Bank Limited, The Bank of the Year-Caribbean 2015. Published from New York and Miami, with a network of correspondents across Latin America and the Caribbean, LatinFinance has covered banking and capital markets in the region for more than two decades.

According to an online article on the LatinFinance website, LatinFinance Bank of the Year Awards, recognises financial institutions in Latin America and the Caribbean that have demonstrated excellence in retail, commercial and investment services between July 1, 2014 and June 30,2015. In recognising the Bank’s achievement, the website read, “Amid rocky economic forecasts, many lenders across Latin America have focused on stabilizing their businesses at home.”

Republic Bank is one that has bucked the trend, growing inorganically with international acquisitions.” In addition to this accolade, Republic Bank was also named, the Bank of the Year in Trinidad and Tobago for 2015. In 2006 and 2008, the Bank won ‘The Best Bank Award’ and in 2010 ‘Trinidad and Tobago Best Bank’.

Commenting on the Bank’s double award success, Republic Bank’s Managing Director, Mr. David Dulal-Whiteway said, “Being the leading Bank for the past 179 years, it is an honour to be recognised, once again for our long-standing and dedicated service to the people of the Caribbean.”

“The Bank's steady focus continues to be on growing acquisitions, development of human capital and revitalizing the culture in the organisation. These areas are aligned to our vision of being the Caribbean Financial Institution of Choice for our staff, customers and shareholders in maintaining our position as a regional financial leader,” he said. Dulal-Whiteway added that these successes has earned Republic Bank Limited international recognition, and as Trinidad and Tobago forges ahead toward developed nation status, the Bank will continue to be a Bank of international standards, creating a benchmark for the rest of the industry.

The awards are selected by LatinFinance’s editors, where the process takes into account financial data for banks over the reference period, including but not limited to, total assets, capital ratios, return on equity and return on assets, as well as market opinion.

Latin Finance is the only magazine that examines cross-border finance and investment in Latin America and the Caribbean.

Republic Bank is proud of this achievement and continues to maintain its position as the leading financial institution in the Caribbean; one that continues to be recognised locally, regionally and internationally.