Republic Bank Ghana disassociates itself from First Republic Bank in US
Republic Bank (Ghana) PLC, a subsidiary of Republic Financial Holdings Limited, has said it is not associated with the First Republic Bank of the United States of America. As concerns surrounding the latter institution continue to mount, Republic Bank (Ghana) PLC would like to reassure its cherished customers, prospective customers, and the general public that it has no relations, business or otherwise, with First Republic Bank of the United States of America.
Republic Bank (Ghana) PLC is a leading Universal Banking institution in Ghana, with thirty-eight branches nationwide, and is widely regarded as the most diversified financial institution in the country. The bank’s comprehensive range of services includes Corporate, Commercial and Retail Banking, Investment Banking, Trustee Services, Mortgage Banking, VISA Credit and Debit Cards, and Microfinance.
As a subsidiary of Republic Financial Holdings Limited, which is the registered owner of all the banks in the Republic Bank Group, Republic Bank (Ghana) PLC benefits from the extensive experience and expertise of its parent company. The Republic Bank Group comprises Republic Bank Limited, Republic Bank (Guyana) Limited, Republic Bank (Barbados) Limited, Republic Bank (Grenada) Limited, Republic Bank (Suriname) N. V., Republic Bank (Ghana) Plc., Republic Bank (BVI) Limited, Republic Bank (Cayman) Limited), Cayman National Corporation, Republic Bank (EC) Limited, and other subsidiaries. This arrangement offers increased operational efficiencies and optimum management of the Republic Group, leading to greater value for shareholders and clients and enabling greater strategic focus and diversification.
Republic Financial Holdings Limited is the largest and most profitable independent bank in the English-speaking Caribbean, having served the region for over 187 years. As of September 30, 2022, the consolidated assets of Republic Financial Holdings stood at US$ 16.95 billion, and first-quarter profits, after tax, stood at US$ 60.74 million. The holding company is listed on the Trinidad and Tobago Stock Exchange.
Republic Bank (Ghana) PLC’s commitment to providing innovative and diverse financial solutions is evidenced by its introduction of the VISA Business Credit Card, which was the first of its kind in the Ghanaian market. The bank’s dedication to excellence in credit card products was recently recognized by Network International with an award for Outstanding Contributions to Credit Card Products in Ghana.
As concerns surrounding the financial industry persist, Republic Bank (Ghana) PLC’s reputation as a Solid, Safe, and Secure bank provides reassurance to its customers and prospective clients. The bank’s diverse range of financial services, commitment to innovation, and affiliation with a reputable parent company position it as a leading institution in Ghana’s financial landscape.
