Page 189 - RFHL ANNUAL REPORT 2025 ONLINE_NEW
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23 Related parties (continued)
2025 2024
Interest and other income
Associates 3 10
Directors and key management personnel 33 42
Other related parties 17 30
53 82
Interest and other expense
Directors and key management personnel 17 20
Other related parties 66 64
83 84
Key management personnel are those persons having authority and responsibility for planning, directing and controlling the
activities of the Group.
2025 2024
Key management compensation
Short-term benefits 82 77
Post employment benefits 8 10
Share-based payment 5 5
95 92
24 Capital management
The Group’s policy is to diversify its sources of capital, to allocate capital within the Group efficiently and to maintain a prudent
relationship between capital resources and the risk of its underlying business. Equity increased by $1.1 billion to $16.6 billion
during the year under review.
Capital adequacy is monitored by each member of the Group, employing techniques based on the guidelines developed
by the Basel Committee on Banking Regulations and Supervisory Practice (the Basel Committee), as implemented by the
respective Central Banks for supervisory purposes.
In Trinidad and Tobago, the Basel II Regulations were promulgated in May 2020 and adopted by RFHL and its main subsidiary,
Republic Bank Limited (RBL). The Central Bank of Trinidad and Tobago’s risk-based capital guidelines under the Basel II
accord require a minimum ratio of common equity Tier I capital to risk-weighted assets of 4.5 percent, a minimum ratio of
core capital ratio (Tier I) to risk-weighted assets of 6 percent, and a minimum total qualifying capital ratio (Tier I and Tier II)
of 12.5 percent (including Capital Conservation Buffer (CCB) for RFHL). Core (Tier I) capital comprises mainly of shareholders’
equity.
