By Patrick Biddah
The Governor of the Central Bank, Dr. Ernest Addison, has praised the Republic Bank for distinguishing itself in competitive price banking services, since bursting into the banking industry after acquiring the HFC bank.
He said, the bank continues to play a leading role in even the mortgage financing and has helped to shape the scope of the industry.
According to him, the sound banking policies which has resulted in customer satisfaction is worthy of mention for praise.
With its 16.6 percent growth in deposit, he said the performance of the bank, can only be as a result of its visibility and innovative ideas which has equally propelled the bank to attain 19.8percent of capital adequacy ratio which is above the normal requirement.
At a function to formally commission its new branch on the Liberation road, specifically around the Ridge roundabout which has been christened “Republic Court “, Dr. Addission, further commended the bank for being among the first to initiate innovative and convenient financial services.
The Republic Court,oversee the African Union Square at the Ridge roundabout.
In view of this, the Republic Bank, has adopted the AU Square and has since renovated it to fit purpose.
The adoption of the AU Square, has seen the bank doing all the Coat of Arms again, as well as reconstructing the main gate and AU logo in addition to many others.
A Presidential Senior advisor, Mr. Yaw Osafo-Marfo, who spoke at the function, also joined in the praise of the Bank, when he said Republic Bank has partnered government in the Public Sector Mortgage Scheme.
“ I recall the Bank was a key player during development and implementation of the National Housing Mortgage Fund which was instituted under the Presidency of H.E Nana Addo Dankwa Akufo-Addo “, he stressed.
“ Let me take this opportunity to express Government’s appreciation to Republic Bank for leadership you have shown in 2020 during Covid-19 pandemic. You were the first Bank in Ghana to announce a loan moratorium and other reliefs for your customers “, he added.
He used the occasion to urge the Bank to venture into the oil and gas sector, since their mother bank in the Caribbean are already doing well in that sector.
The Managing Director of the Bank, Mr. Farid Antar, said for the 184 years since the bank has existed in Trinidad and Tobago, it has been guided by the belief of starting small towards achieving a bigger goal.
The Bank, he underscored sees achieving the bigger goal through a collective effort and having a relationship with its customers and not just providing banking services.
With its strategic location, Mr. Antar, expressed the view that the Bank is poised for the many opportunities it is expected to attract from customers and the business environment.
On his part , the Board Chairman, Mr. Charles Zwennes, indicated that the Bank does not just “ talk the talk but it walks the walk “ .
This phrase, he explained reflected in the vision to acquire the land and develop it to the current state leading to its commissioning last Friday January 28, 2022.
He said the site on which the bank sits, will be maintained and converted to become one of the nicest iconic sites in Ghana.