Republic Bank (Guyana) Limited has recorded an after-tax profit of $1.71b for the half-year ended March 31, 2021, accorded to the unaudited financial statements published in yesterday’s Sunday Stabroek.
According to its Chairman, Nigel M Baptiste, the profit figure for 2021 reflects a drop of $248m or 12.7% compared to the 2020 figure $1.96b. In his statement, he attributed this to reductions in net interest and other income due to lower levels of economic activity and the non-recurrence of “certain one-off events” coupled with in an increase in loan loss provisioning.
