https://s1.stabroeknews.com/images/2018/06/republic-bank.jpg

November 10 2019

Source

Republic Bank’s after tax profit up by 22.7%

Republic Bank (Guyana) Limited’s profit for the financial year ended September 30, 2019 soared by 22.7% or 711.8m.

According to an ad in yesterday’s Stabroek News setting out the audited annual results, Republic Bank’s profit before taxation in 2019 was $5.9b. After taxation of $2.1b it registered after-tax profit of $3.8b compared to the 2018 figure of $3.1b.

Chairman, Nigel Baptiste said that as a result of the performance, the board of the bank has recommended a final dividend of $1.075b or $3.58 per stock unit which if approved will bring the total dividend for the year to $1.555b.

“As we embark on a new fiscal (year), Republic Bank (Guyana) Limited is committed to the future development of Guyana and remains optimistic about continued improvement in the economy”, he said.

Original Post
Django posted:

https://s1.stabroeknews.com/images/2018/06/republic-bank.jpg

November 10 2019

Source

Republic Bank’s after tax profit up by 22.7%

Republic Bank (Guyana) Limited’s profit for the financial year ended September 30, 2019 soared by 22.7% or 711.8m.

According to an ad in yesterday’s Stabroek News setting out the audited annual results, Republic Bank’s profit before taxation in 2019 was $5.9b. After taxation of $2.1b it registered after-tax profit of $3.8b compared to the 2018 figure of $3.1b.

Chairman, Nigel Baptiste said that as a result of the performance, the board of the bank has recommended a final dividend of $1.075b or $3.58 per stock unit which if approved will bring the total dividend for the year to $1.555b.

“As we embark on a new fiscal (year), Republic Bank (Guyana) Limited is committed to the future development of Guyana and remains optimistic about continued improvement in the economy”, he said.

- Bank of Baroda and Scotia bank is closing their doors .. customer move over to RBOG. 

- With the oil news, more overseas investors are opening account which can be link to NA banks for easy transaction. 

- RBOG opens more branches in the country, thus avoiding customers to get choke and rob in GT which is more likely. 

Django, regarding the title of your thread, things not bad for some big businesses in Guyana. Things definitely bad for sugar workers and sacked GuySuCo workers, many farmers who have to compete with cheap imported agri-products, public servants etc. Things going good for crooks, choke-and-robbers and APNU prop-up personnel.

Gilbakka posted:

Django, regarding the title of your thread, things not bad for some big businesses in Guyana. Things definitely bad for sugar workers and sacked GuySuCo workers, many farmers who have to compete with cheap imported agri-products, public servants etc. Things going good for crooks, choke-and-robbers and APNU prop-up personnel.

Gilbakka posted:

Django, regarding the title of your thread, things not bad for some big businesses in Guyana. Things definitely bad for sugar workers and sacked GuySuCo workers, many farmers who have to compete with cheap imported agri-products, public servants etc. Things going good for crooks, choke-and-robbers and APNU prop-up personnel.

Gilly, DUMMIES are dime a dozen!!!!!!

Gilbakka posted:

Django, regarding the title of your thread, things not bad for some big businesses in Guyana. Things definitely bad for sugar workers and sacked GuySuCo workers, many farmers who have to compete with cheap imported agri-products, public servants etc. Things going good for crooks, choke-and-robbers and APNU prop-up personnel.

BTW, I am a little late in welcoming you back and quite happy to see you in good health and thinking clearly. For a minute we were told you were threading gently into that twilight world. 

If things so good, then why is it difficult to get foreign currency? I have put in a request  and it has been over five months and still waiting. In the past , twice a year I would have the Bank send me exchange, now they are giving me the run around, saying there is a shortage.

Stormborn posted:
Gilbakka posted:

Django, regarding the title of your thread, things not bad for some big businesses in Guyana. Things definitely bad for sugar workers and sacked GuySuCo workers, many farmers who have to compete with cheap imported agri-products, public servants etc. Things going good for crooks, choke-and-robbers and APNU prop-up personnel.

BTW, I am a little late in welcoming you back and quite happy to see you in good health and thinking clearly. For a minute we were told you were threading gently into that twilight world. 

Thank you, Storm. Still not fit and proper healthwise but I thought crafting a few sentences regularly in our forum would revitalize my noodles.

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