Page 172 - RFHL ANNUAL REPORT 2024_ONLINE

170 Notes to the Consolidated Financial Statements

For the Year Ended September 30, 2024.
Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

26. Material partly-owned subsidiaries
Financial information of subsidiaries that have material non-controlling interests is provided below:

Proportion of equity interest held by non-controlling interests:

Country of incorporation 2024 2023
Name and operation % %

Republic Bank (Ghana) PLC Ghana 33.46 33.46
Republic Bank (Guyana) Limited Guyana 49.00 49.00
Cayman National Corporation Ltd. Cayman Islands 25.01 25.01
Republic Bank (Grenada) Limited Grenada 15.10 15.10

Accumulated balances of material non-controlling interests:
Republic Bank (Ghana) PLC 146 155
Republic Bank (Guyana) Limited 622 540
Cayman National Corporation Ltd. 532 451
Republic Bank (Grenada) Limited 107 103

Profit/(loss) allocated to material non-controlling interests:
Republic Bank (Ghana) PLC 34 (6)
Republic Bank (Guyana) Limited 119 81
Cayman National Corporation Ltd. 105 103
Republic Bank (Grenada) Limited 8 2

The summarised financial information of these subsidiaries is provided in Note 27 (i) of these Consolidated financial statements.

27. Segmental information
The Group is organised into two main business segments: retail and commercial banking and other financial services. The
Group’s primary reporting format comprises geographical segments, reflecting its management structure and the secondary
segment is by class of business. The following is an analysis by respective segments: