The Republic Bank (Ghana) PLC has said it has no relations, business or otherwise, with First Republic Bank of the United States of America (USA).

Republic Bank Ghana in a statement said it is a subsidiary of Republic Financial Holdings Limited (RFHL) of Trinidad & Tobago, which is the largest independent Bank in the English-speaking Caribbean, having served the region for over 187 years.

The statement comes following reports that First Republic Bank in the USA is struggling as its shares continue to plummet.

About Republic Financial Holdings Limited (RFHL)

Republic Financial Holdings Limited (RFHL) is the registered owner of all of the Banks in the Republic Bank Group – Republic Bank Limited, Republic Bank (Guyana) Limited, Republic Bank (Barbados) Limited, Republic Bank (Grenada) Limited, Republic Bank (Suriname) N. V., Republic Bank (Ghana) Plc., Republic Bank (BVI) Limited, Republic Bank (Cayman) Limited), Cayman National Corporation, Republic Bank (EC) Limited and other subsidiaries.

In keeping with international best practice, this holding company was formed to offer increased operational efficiencies and optimum management of the Republic Group, ultimately leading to greater value for our shareholders and clients while enabling greater strategic focus and diversification.

As of September 30, 2022, the consolidated assets of Republic Financial Holdings stood at US$ 16.95 billion, and first-quarter profits, after tax, stood at US$ 60.74 million.

Republic Financial Holdings Limited is listed on the Trinidad and Tobago Stock Exchange.

Republic Bank (Ghana) Plc is a strong and leading Universal Banking institution in Ghana and arguably the most diversified financial institution with thirty (38) branches nationwide.

As a one-stop financial institution, the Bank’s services include Corporate, Commercial and Retail Banking; Investment Banking; Trustee Services; Mortgage Banking, VISA Credit and Debit Cards and Microfinance.

Republic Bank Ghana is the first to introduce VISA Business Credit Card to the Ghanaian Market and was recently honoured by Network International for Outstanding Contributions to Credit Card Products in Ghana.

Republic Bank remains a Solid, Safe and Secure Bank, and it is not related to the First Republic Bank of the United States of America.