ANSA Merchant Bank yesterday reported after-tax profit of $82.19 million for the six months ended June 30, 2025, a 6 per cent increase compared to the $77.51 million in same period in 2024.
ANSA Merchant chairman Norman Sabga noted the group posted a net operating income of $286.3 million, a 16.04 per cent increase over $246.7 million in the same period last year. He explained the group’s total assets grew by 1.2 per cent, reaching $10.34 billion and its shareholders’ equity remained strong at $2.71 billion.
This performance was hailed in spite of a decrease in profits in the group’s banking segment.
Sabga explained, “This segment, which includes ANSA Merchant Bank, ANSA Merchant Bank (Barbados), ANSA Bank and ANSA Wealth Management, recorded net operating income of $146.3 million, a marginal decline from $154.9 million in Q2 2024.
“Profit before tax fell to $18.6 million from $52.2 million, primarily reflecting our deliberate and strategic investments in talent development, process optimization and IT infrastructure, critical enablers of long-term growth and operational resilience. Despite this, we continue to see strong growth in both our retail and merchant banking operations.”
The group chairman however noted there were strong performances from the group’s insurance businesses, including Tatil, Tatil Life, Colfire and Trident with net operating income rising to $180.7 million, up from TT$139.7 million in Q2 2024.
He said, “Profit before tax surged to $76.9 million, a 41.6 per cent increase from $44.9 million, evidence of the strength and resilience of our insurance operations and investment portfolio.”
On the next six months of the financial year and beyond, Sabga said, “We remain focussed on sustainable growth across all segments. Our ongoing investment in digital transformation, operational efficiency and customer-centric strategies will enable us to adapt to the ever-evolving financial landscape.
We are confident that these efforts will position us for continued success.”
