Republic Bank (Guyana)
Republic Bank (Guyana) is by far one of the largest companies in Guyana by any measure. It holds assets in excess of $117 billion. It has annual sales in excess of $6 billion and it has a market value of about $36 billion, 45 percent more than its closest rival. In the world of Guyanese business, Republic Bank is a behemoth. Republic Bank (Guyana) is a subsidiary of Republic Bank which is based in Trinidad and Tobago. Republic Bank went through several incarnations. At one point, it was known as Royal Bank of Canada. The name was changed to the National Bank of Industry and Commerce after it was acquired by the Government of Guyana. Upon conversion to a privately owned bank, the name remained NBIC until it was purchased by Republic Bank. Interest in the performance of this entity and in the other financial institutions that are listed on the Guyana Stock Exchange stems from the seemingly unending growth which they have experienced in the Guyana economy. It ought to be of interest to Guyanese to understand how each individual bank has been able to sustain a run of increasing yields for so long.
Combination of Factors