Page 28 - RB GRENADA ANNUAL REPORT 2025_ONLINE

28 • Republic Bank (Grenada) Limited 2025 Annual Report • EXECUTIVE REPORTS

Chairperson’s Review

KAREN T. YIP CHUCK
Chairperson

Strength in strategy:

driving growth amid change

Results

I am pleased to announce that the Bank recorded net profit The Bank’s Strategic Plan with its central focus
after taxation of $15.49 million for the year ended September on digital transformation and customer-centric
30, 2025. This represents a decrease of $8.14 million below solutions to enhance customer experience,
the 2024 reported profit of $23.63 million. Increased Income will contribute to positioning the Bank to
of $12.54 million and reduced operating expenses of $4.65 maximise on emerging opportunities in the
million assisted in cushioning some of the negative impact of market, which will redound to the benefit of its
increased loan loss expense of $29.26 million.
stakeholders.

In 2025, total assets grew by 7.51 percent or $166.71 million and
now stands at $2.39 billion. The increase in assets is reflected in
investments and loans which increased by $109.87 million and
$71.34 million, respectively. The Bank remains well capitalised Grenada economy
with a Capital Adequacy Ratio of 12.51 percent, which is within In 2024, the economy expanded by 3.6 percent with tourism
regulatory requirements. being the main driver of growth. Activity in the tourism sector
remained encouraging, notwithstanding a generally slower
Based on the results for fiscal 2025, the Board of Directors has rate of growth. Construction activity moderated due to delays
declared a dividend of $1.20 per share for the fiscal year. The in the execution of new public and private projects. For the
dividend would be paid on December 15, 2025, to shareholders first half of 2025, the fiscal performance was generally in line
on record as at November 19, 2025. with targets. The primary and overall deficits were recorded at
$14.8 million and $16.4 million respectively, and remained well
within established targets.