Republic Bank (Guyana) half year after-tax profit up by 27%

Republic Bank (Guyana) Limited’s half year after-tax profit for 2025 was higher than last year’s by 27%.

In an advertisement in today’s Stabroek News, Chairman of the Board Nigel Baptiste said that the after-tax profit of $4.15b represents an increase of $882m over the previous year. He said that this was primarily as a result of increased net interest income and other income. Based on the unaudited figures presented today, net interest income rose from $3.1b in 2024 to $3.7b this year.

Baptiste said that total assets grew by $75.7b or 23.1% and customers’ deposits jumped by $70.5b or 24.6% year-on-year. Based on the bank’s performance, Baptiste said that the Directors have approved an interim dividend of $3 per stock unit, an increase of 24%,

“We expect this good performance to continue for the remainder of the year as we focus on growing the loan portfolio, maintaining its quality and growth in non-interest income”, he said.