#MoneyReport2023: Republic Bank (Ghana) PLC—a relevant, resilient and responsible bank

Benjamin Dzoboku, Managing Director or Republic Bank (Ghana) PLC

Republic Bank (Ghana) PLC is a subsidiary of Republic Financial Holdings Limited (RFHL), headquartered in Trinidad & Tobago.

About Republic Financial Holdings Limited (RFHL)

Our Parent Company, RFHL, is the largest and most profitable Independent Bank in the English-speaking Caribbean, having served the region for over 185 years. As of the end of the 2022 financial year, the total asset of the Group stood at over US$17.1 billion and rated BBB- by Standard and Poor’s. The Bank operates under the trading name Republic Bank with over 126 branches in 14 countries globally, Ghana included. RFHL has played significant roles in the financial market, especially within the Oil and Gas sector in Trinidad and Tobago, particularly in developing local content.

Republic Bank Ghana

Republic Bank is a leading Universal Banking Institution and arguably the most diversified Financial Institution in Ghana operating within eight (8) out of the sixteen (16) regions, thirty-eight (38) branches and forty-nine (49) ATMs nationwide. In an ever-changing financial ecosystem, Republic Bank keeps you on top with a bouquet of superb financial products and services as follows:

Commercial and Retail Banking: Local and foreign currency Bank Accounts, Visa Debit and Credit Cards, gh-link Cards, RepublicMobile App, ATM, POS Devices, Personal Loans, Private Banking for High-Net-Worth Individuals, Overdraft and Term Loans for SMEs.

Personal Loans: We introduced the Christmas Loan Sales, Easter Loan Sales, and Back-to-School Loan sales Campaigns for salaried workers and SMEs.

Mortgage (Home Loans): As a pioneer in mortgage financing in Ghana, Republic Bank has played a pivotal role in developing the mortgage business in Ghana and moving thousands of Ghanaians both home and abroad onto the property ladder. In partnership with Government, Republic Bank introduced a 100% mortgage with no down payment for Public Sector workers. Our standard mortgage range includes Home Purchase, Home Improvement, Home Equity, Home Completion, and Pension Backed Mortgages. Mortgages are great alternatives to traditional investment vehicles.

Credit Cards: Republic Bank is the first to introduce Business Credit Card in Ghana. This serves as an effective accountable imprest for travels, operational and recurring expenses of a firm. The Republic Infinite Credit card gives Business Executives access to airport lounges worldwide. Our Adeshie and Classic Credit Cards have broken the myth associated with Credit Cards being the reserve of the elite. Every salaried worker can own an Adeshie or Classic Credit Cards and enjoy up to 45-Days interest free credit.

Treasury Services: Our treasury services, support importers and exporters with their forex needs.

Bancassurance: We offer bancassurance products in partnership with Enterprise Life. The partnership brings three quality insurance products, namely, EduPlan (educational policy for children), NextGen (for unforeseen circumstances like death or permanent disabilities), and Final Rest (for the loss of a loved one).

Corporate Banking: Our products cater to the needs of local and global corporates with Working Capital loans; Asset Finance; Structured Trade Financing (including Letter of Credit and Documentary Collections); Bank Guarantees and Project Financing.

Investment Banking: Our investment-banking subsidiary – Republic Investments, has GH¢1billion+ Assets Under Management. Introduced the first Unit Trust in Ghana. Regulated by the Securities and Exchange Commission. Product offerings include, Pensions Funds Management, Discretionary and Non-discretionary Asset Management and Securities Trading through Republic Securities.

Pensions Management: Republic Bank is one of few Banks that provide all three pensions services: Trustee Services, Custodian Services and Fund Management Services. Assets under Management is in excess of GH¢3.7billion.

Trustee Services include Republic Master Trust Occupational Pension Scheme, Master Trust Provident Pension Scheme, Tax Incentive Savings, Personal Pension and Golden Age Fund. Your funds are safe with a solid bank.

Micro Finance: our subsidiary, Republic Boafo Limited, focuses on the economy’s informal sector, providing financial products and services that cater to their needs, from savings products for individuals and groups to micro-loans.

Our corporate social responsibility

As a Bank, we believe in building thriving communities. We, therefore, ensure that as we work to deliver Sustainable Growth and Shareholder Value, we also contribute to the broader community by being responsible Corporate Citizens, a Bank with a Heart and an Employer of Choice.

The Bank is signatory to the UN Principles of Responsible Banking, focusing on key SDG areas across the group. Through our social investment initiative – the Power to Make a Difference – we have formed powerful connections within communities on the Corporate and Staff Volunteering levels to safeguard the welfare and ensure these beautiful communities thrive. All these and many others affirm our ethos and mantra – We’re the One for you!

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