Page 42 - RB GRENADA ANNUAL REPORT 2025_ONLINE

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

Managing Director’s Discussion and Analysis

Collectively, these training initiatives underscore our ongoing
commitment to strengthening key skills, upholding regulatory The Bank remains poised to leverage on
compliance and maintaining excellence in service delivery opportunities in the market, by utilising its
across all levels of the organisation. strengths to continue to add value to its
shareholders, while assisting with the growth and
development of the communities within which we
Information technology operate.
In fiscal 2025, we continued to replace our aging Automated
Teller Machine fleet with newer models containing exciting
features and services, including contactless transaction. We
anticipate this exercise will be completed by June 2026. To
adequately meet the demands of our business customers
for e-commerce and integrated payment systems, we have
upgraded our Point-of-Sale infrastructure, with the roll-out of new
terminals.

Outlook
The near-term outlook is positive. Real GDP is forecasted to grow by 4.1 percent in 2025, driven by continued growth in tourism
and post-Hurricane Beryl reconstruction activities. Period average overall inflation is forecasted to remain low and stable at around
0.9 percent over the medium term. The tourism sector is expected to register weaker growth in 2025, although its performance is
expected to improve in the second half of the year.

Although the economic outlook is positive, slow economic growth in some of Grenada’s primary tourism and investment source
markets could dampen the expected growth. Additionally, extreme weather events present significant risks, redirecting capital
resources away from economic development and resilience building.

The Bank remains poised to leverage on opportunities in the market, by utilising its strengths to continue to add value to its
shareholders, while assisting with the growth and development of the communities within which we operate.

Appreciation
I wish to acknowledge and thank our staff for their continued support, dedication, and commitment to the organisation’s success.
To our valued customers and key stakeholders, I am grateful for your loyal patronage. My sincere appreciation to the Chairperson
and Board of Directors for your ongoing guidance and direction.

NAOMI E. DE ALLIE
MANAGING DIRECTOR