Trinidad and Tobago

Awards of Excellence
Latin American regional awards

Republic Bank’s net profits for the first quarter of its 2007 financial year were $36.3 million, an increase of 46.2% on the previous year. Its total tier 1 capital amounted to $558 million, a rise of 9.15% , and its total assets added up to $5.73 billion, 7.5% higher. The bank, which has a 170-year history in Trinidad and Tobago and is one of the largest in the Caribbean, had a return on equity of 21.24%.

It has committed $7 million between 2004 and 2008 to social development projects, under an initiative called the Power to Make A Difference, through outreach events, sport, culture, poverty alleviation, education, and entrepreneurship.

The bank has a programme of customer feedback panels, which improve its customer relationships and enable it to make its service offerings more relevant.

In January this year, it launched its internet banking service and is implementing the second phase of the project, to allow customers to perform intricate transactions easily online. It operates the largest ATM network in T&T, with 104 machines.