Page 44 - RFHL ANNUAL REPORT 2025 ONLINE_NEW
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42 • Republic Financial Holdings Limited 2025 Annual Report • EXECUTIVE REPORTS
Group President and CEO’s Discussion and Analysis
Credit loss expense/(recovery) on debt security instruments measured at amortised cost
All figures are stated in TT$ millions
2025 2024 Change % Change
Trinidad and Tobago 88 2 (86) -4300.0
Barbados (45) (28) 17 -60.7
Guyana – (1) (1) 100.0
Cayman Islands (3) (8) (5) 62.5
Eastern Caribbean – (5) (5) 100.0
Ghana – (2) (2) 100.0
British Virgin Islands – (2) (2) 100.0
Total 40 (44) (84) 190.9
For the year ended September 30, 2025, the Group recorded provisions of $40 million on debt security instruments measured at
amortised cost. This represents an increase in provisions of $84 million or 190.9 percent when compared to the previous year.
The increase in Trinidad and Tobago was mainly due to higher stage 2 provisions, while the decrease in Barbados was primarily
due to a write-back on previously defaulted debt issued by the Government of Barbados following an upgraded Standard and Poor
credit rating for Barbados.
Review on the Consolidated statement of financial position
All figures are stated in TT$ millions
2025 2024 Change % Change
Financial Position
Total assets 127,132 118,540 8,592 7.2
Liquid assets 25,618 23,217 2,401 10.3
Investments 19,934 20,516 (582) -2.8
Advances 74,118 67,299 6,819 10.1
Deferred tax assets 326 336 (10) -3.0
Total deposits and other funding instruments 105,145 97,869 (7,276) -7.4
Total equity 16,612 15,485 1,127 7.3
Total assets
At September 30, 2025, the Group’s total assets stood at $127.1 billion, an increase of $8.6 billion or 7.2 percent over the asset base
of 2024. This increase was mainly due to the combined effect of a $6.8 billion and $2.4 billion growth in advances and liquid assets
respectively, offset by a decrease in investments of $0.6 billion.
