Page 176 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

174 • Republic Financial Holdings Limited 2025 Annual Report • FINANCIALS

Notes to the Consolidated Financial Statements

For the year ended September 30, 2025. Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

22 Risk management (continued)
22.2 Credit risk (continued)
22.2.1 Analysis of risk concentration (continued)

a Industry sectors
The following table shows the risk concentration by industry for the Group. Additional disclosures for credit
quality and the maximum exposure for credit risk per categories based on the Group’s internal credit rating
system and year-end stage classification are further disclosed in Notes 4 (d) and 5 (b).

2025 2024

Government and Central Government Bodies 30,298 23,216
Financial sector 12,036 17,841
Energy and mining 2,237 2,143
Agriculture 763 499
Electricity and water 954 994
Transport, storage and communication 2,140 2,030
Distribution 6,678 5,918
Real estate 10,483 7,417
Manufacturing 4,059 3,753
Construction 4,801 5,046
Hotel and restaurant 3,430 1,874
Personal 38,695 37,479
Other services 12,081 12,979

128,655 121,189

Credit exposure with state-owned bodies have been categorised according to the service offered by the
organisation rather than within ‘Government and Central Government Bodies’.

b Geographical sectors
The Group’s maximum credit exposure, after taking account of credit loss provisions established but before
taking into account any collateral held or other credit enhancements, can be analysed by the following
geographical regions based on the country of domicile of its counterparties:

2025 2024

Trinidad and Tobago 50,845 49,111
Barbados 11,744 10,348
Eastern Caribbean 13,722 14,015
Guyana 13,431 11,463
United States 10,216 8,751
Europe 3,349 6,562
Suriname 2,356 2,354
Ghana 4,460 51
Cayman Islands 10,479 9,837
Other Countries 8,053 8,697

128,655 121,189