Page 140 - RB GRENADA ANNUAL REPORT 2025_ONLINE

140 • Republic Bank (Grenada) Limited 2025 Annual Report • FINANCIALS

Notes to the Financial Statements

For the year ended September 30, 2025. Expressed in Thousands of Eastern Caribbean dollars ($’000), except where otherwise stated.

19 Related parties
Parties are considered to be related if one party has the ability to control the other party or exercise significant influence
over the other party in making financial or operating decisions. A number of banking transactions are entered into with
related parties in the normal course of business. These transactions are both secured and unsecured and were carried out on
commercial terms and conditions, at market rates. The advances are gross of ECLs.

2025 2024

Advances, investments and other assets
Directors and key management personnel 5,582 5,231
Other related parties 175,030 287,781

180,612 293,012

Deposits and other liabilities
Directors and key management personnel 1,693 1,347
Other related parties 282,624 191,009

284,317 192,356

Interest and other income
Directors and key management personnel 181 145
Other related parties 6,138 955

6,319 1,100

Interest and other expense
Directors and key management personnel 391 496
Other related parties 9,816 11,353

10,207 11,849

Due from related banks 140,256 251,716
Due to related banks 6,990 7,494
Due to related companies 269,732 168,390

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the
activities of the Bank.

Key management compensation

2025 2024

Short-term benefits 1,247 2,042
Post employment benefits 52 48

1,299 2,090