Page 193 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

• 191

25 Fair value (continued)
25.2 Fair value and fair value hierarchies (continued)

25.2.4 Reconciliation of movements in Level 3 financial assets measured at fair value

Balance at Disposals
beginning /transfers Balance at
2025 of year Additions to Level 2 end of year

Financial assets designated
at Fair value through profit or loss 52 – (28) 24

52 – (28) 24

2024

Financial assets designated
at Fair value through profit or loss 52 – – 52

52 – – 52

26 Material partly-owned subsidiaries
Financial information of subsidiaries that have material non-controlling interests is provided below:

Proportion of equity interest held by non-controlling interests:

Country of incorporation 2025 2024
Name and operation % %

Republic Bank (Ghana) PLC Ghana 33.46 33.46
Republic Bank (Guyana) Limited Guyana 49.00 49.00
Cayman National Corporation Ltd. Cayman Islands 13.09 25.01
Republic Bank (Grenada) Limited Grenada 15.10 15.10

Accumulated balances of material non-controlling interests:
Republic Bank (Ghana) PLC 237 146
Republic Bank (Guyana) Limited 699 622
Cayman National Corporation Ltd. 295 532
Republic Bank (Grenada) Limited 109 107

Profit allocated to material non-controlling interests:
Republic Bank (Ghana) PLC 49 34
Republic Bank (Guyana) Limited 133 119
Cayman National Corporation Ltd. 57 105
Republic Bank (Grenada) Limited 6 8