Page 30 - RFHL ANNUAL REPORT 2024_ONLINE
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28 Group President and CEO’s Discussion and Analysis continued
Net interest income and Net interest margins
All figures are stated in TT$ millions
2024 2023 Change % Change
Interest income 6,136 5,497 639 11.6
Less Interest expense 1,070 833 (237) -28.5
Net interest income 5,066 4,664 402 8.6
Trinidad and Tobago 2,379 2,171 208 9.6
Barbados 374 365 9 2.5
Guyana 436 370 66 17.8
Cayman Islands 683 699 (16) -2.3
Eastern Caribbean 602 532 70 13.2
Suriname 167 122 45 36.9
Ghana 288 281 7 2.5
British Virgin Islands 137 124 13 10.5
Total 5,066 4,664 402 8.6
Average Total Assets 115,734 111,953 3,781 3.4
Net interest margin 4.38% 4.17%
The Group earned Net interest income of $5.1 billion for year ended September 30, 2024, an increase of $402 million or 8.6 percent
above the prior year.
With robust growth in core
business segments and disciplined
cost management, the Group
is well-positioned to capitalise
on market opportunities.
14.80% 13.87%
2024 Return on 2023 Return on
average equity average equity
