Republic Financial Holdings Limited (RFHL) has announced $1 billion dollars in profits for the first half of the Financial Year.
RFHL chairman Vincent Pereira announced the group recorded profits attributable to equity holders of $1.01 billion for the period ended March 31, 2025, an increase of 1.1 per cent when compared to the prior period.
He said growth for the period was bolstered by the Group’s robust loan growth and prudent cost management. He said that RFHL's total assets stood at $126.7 billion at March 31, 2025, an increase of $9.2 billion or 7.8 per cent over the total assets at March 2024.
This increase, he said, was mainly fuelled by growth in the loan portfolios across all subsidiaries, with healthy contributions from both the group’s retail and corporate banking segments.
Pereira said, “As the global community continued to grapple with evolving macroeconomic conditions and geopolitical uncertainty, the Republic Financial Holdings Group continued to demonstrate resilience, operational strength, and commitment to delivering sustainable value to our stakeholders.”
Pereira said, “In a period marked by global uncertainty and market volatility, we continue to prioritise financial stability and long-term value creation, while also reinforcing our role as a responsible financial institution. Our strategic transformation journey is progressing well, and we remain focused on enhancing our digital banking capabilities, deepening customer relationships, and innovating across all touchpoints.”
He added, “Looking ahead, while uncertainties will persist in the global economy, the RFHL Group is well-positioned to navigate challenges and capitalise on opportunities. We remain committed to delivering sustainable value to our shareholders, supporting our customers, and contributing to the broader economy.”
