Tag: Republic Bank
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Republic Bank defers loan repayment for staff and customers due to COVID-19
In its quest to mitigate the economic impact of the novel Coronavirus pandemic on businesses and staff, The Republic Bank Ghana, has announced an offer of Loan Repayment Deferment for its customers and staff for a period of six months. This comes after the Bank of Ghana in a series of actions urged all financial…
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Republic Bank staff support school building project through communal labour
Staff of Republic Bank (Ghana) Limited, a subsidiary of Republic Financial Holdings Limited, Trinidad and Tobago, joined hands with the Berase Community in the Central Region in communal work towards the completion of an ultra modern Classroom Block. The school is being built by Republic Bank as part of its Power-to-Make-a-Difference (PMAD) initiative. The communal…
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Legacy debt repayment: Banks to access another tranche by end of August
Banks that are exposed to the legacy debts within the energy sector say they are expecting some disbursements by the end of this month to defray part of the outstanding debt. They are also anticipating a swift clearing of the remaining amount with Parliament’s approval of the increase in the Energy Sector Levy. The NPP…
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Republic Bank optimistic about govt’s new mortgage financing plan
Banks which have been selected to undertake the government’s National Housing and Mortgage Finance initiative say they are expectant of the prospects of the program in bridging Ghana’s housing gap. One of such banks, Republic Bank, believes its competitive rates should help to ease the burden of prospective homeowners. The Finance Minister Ken Ofori-Atta in…
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Former Republic Bank MD Asare Akuffo passes on
Former Managing Director of Republic Bank, Asare Akufo has died. He said to have died yesterday, a source close to the family told Citi Business News. Mr. Asare Akuffo was the MD of Republic Bank, formerly HFC Bank, for close to 10 years. His contract with the bank ended in June 2015 which saw him…
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Cedi to hit 5 to a dollar as external pressures soar – Analyst
Some currency analysts are projecting that the cedi will continue its losing streak against major trading currencies until external factors influencing its performance, subsidise. The local currency has been depreciating against the dollar particularly for some time now with some analysts it will hit the 5 cedis mark soon. As at close of business on…
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Over a dozen banks yet to meet GH¢400m minimum capital
At least fifteen (15) banks are yet to announce their position on meeting the new minimum capital requirement with four months to the deadline. This is because Citi Business News’ analysis has shown that six (6) banks have reached the target with seven (7) others undertaking various measures to recapitalize. The six banks include; the…
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HFC bank changes name to Republic bank
HFC Bank has received license to change its name to Republic bank. Information available to Citi Business News however indicates that this is expected to take effect next Tuesday, April 24, 2018. The change of name is as a result of Republic bank owning majority stake in HFC Bank’s operations. A statement from the Ghana…