Page 49 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

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Major strategic accomplishments Ascend 2025 –
During the year, the Bank achieved a few key milestones that Leadership Reimagined
advanced its strategic agenda and strengthened its foundation
for sustainable growth. A few of the Group’s accomplishments Conference
are listed below:

Mergers and acquisitions
A strategic pillar of the Group is Mergers and Acquisitions. On
August 8, 2025, the Group acquired additional shareholding of
11.92 percent in Cayman National Corporation Ltd., increasing
its ownership to 86.91 percent from 74.99 percent.

Digital accomplishments
The Digital Transformation pillar of our strategic plan has been
progressing. So far the Group has accomplished the following;
i Reduced customer onboarding time,
ii Implementation of the first digital card-in-wallet in
Guyana,
iii Revamped Endcash biometric login, and
iv Execution of cloud-first architecture.

Product expansion in the Life Insurance
business
Republic Life Insurance Company Limited (RLIC) made waves
in February 2024, with the debut of the region’s first fully digital,
end-to-end life insurance platform. Continuing this trajectory
of innovation, July 2025, marked a significant milestone with
the introduction of two new products within the Digital Life At Republic Bank, leadership is
Insurance portfolio: Endowment Life Insurance and Funeral about rising to new challenges
Insurance. These offerings expand their ability to provide and re-envisioning what’s possible.
tailored financial protection solutions, meeting the evolving
needs of their diverse clientele. The Ascend 2025 - Leadership
Reimagined Conference inspired our
leaders to think boldly, act creatively,
Outlook and shape the future of banking.

As we look ahead, the banking landscape continues to evolve Through collaboration and vision,
amidst an environment marked by economic uncertainty, we’re cultivating a culture where
shifting monetary conditions, and accelerating digital
innovation thrives, and every leader
transformation. Despite these dynamics, the Group remains
helps move our organisation, and
well-positioned to sustain growth, enhance profitability, and
our people forward.
deliver value to all stakeholders.

The Caribbean region is expected to experience economic
growth, though at a slower pace than prior years. Tourism in
the eastern and northern Caribbean islands, and the oil and
gas sector in Guyana and Suriname are expected to fuel higher