Republic Bank’s profit up 39.2% for 1st half of fiscal 2019

-unaudited figures

Republic Bank (Guyana) Limited recorded an after-tax profit of $1.887b for the first half of fiscal 2019, a hike of $532m or 39.2% when ranged against the corresponding period last year.

According to the unaudited half-year financial statements for the period ended March 31, 2019 in the April 18 edition of Stabroek News, the improved performance was mainly due to an increase in operating income and a cut in the loan impairment expense.

Republic Bank’s unaudited interest income for the six months ending March 31, 2019 was $3.978b compared to $3.422b in the preceding year. Its operating income was $5.736b for 2019 compared to $4.991b last year…..

Around the Web