Page 146 - RB GRENADA ANNUAL REPORT 2025_ONLINE

146 • 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.

23 Dividends paid and proposed (continued)

Proposed and approved by the Board of Directors (not recognised as a liability as at September 30)

2025 2024

Equity dividends on ordinary shares:
Final dividend for 2025: $1.20 (2024: $1.95) 4,529 7,360

24 Contingent liabilities, commitments and leasing arrangements
a Litigation
As at September 30, 2025, there were certain legal proceedings outstanding against the Bank. No provision has been
made as professional advice indicates that it is unlikely that any significant loss will arise or that it would be premature at
this stage of the action to determine the eventuality.

2025 2024

b Customers’ liability under acceptances, guarantees, indemnities and letters of credit
Guarantees and indemnities 20,154 28,374
Letters of credit 8,749 9,639

28,903 38,013

c Sectoral information
Corporate and commercial 21,103 30,213
Other financial institutions 7,800 7,800

28,903 38,013

25 Segmental information
As at September 30, 2025 and 2024, the Bank’s entire operations are in the retail and commercial banking class of business
in Grenada.

26 Comparatives
Certain of the previous year’s figures were reclassified to conform with the current year’s Financial statement presentation.