The Hero Caribbean Premier League (CPL T20) is delighted to announce Republic Bank as its official banking partner for the 2016 campaign.
Nigel Baptiste, President of Republic Financial Holdings Limited and Managing Director of Republic Bank Limited, said: “Republic Bank is honoured, as the Caribbean’s largest indigenous banking Group, to partner with the Caribbean Premier League in bringing the Region’s largest sport entertainment event to cricket fans everywhere. This partnership has given us the opportunity to not only augment our focus on building successful societies, both locally and regionally, but to also help provide the economic and environmental benefits of tourism – a sector that is critical to the development of many of our Caribbean countries.
“Our hope is that, through this League, there will be deeper integration and collaboration between the leading minds and organisations across the Region, resulting in both the tangible and intangible benefits that can come from being parts of a larger whole. What better way to start that unification, than through the time-honoured and globally treasured sport of cricket,” he added.
Damien O’Donohoe, Chief Executive Officer of the CPL, added: “It is my absolute pleasure to welcome Republic Bank as official bank of the Hero CPL for 2016. We deeply appreciate their heartfelt words regarding CPL’s significance and role in the Region, and it is great to see another ‘home-grown’ powerhouse as part of the CPL family.
“The message of CPL being a unifying force and, in many ways, an expression of the Caricom ideal is one that we also feel deeply about and we look forward to working with the Bank to bring an even more enjoyable sporting and cultural experience to the people of the English-speaking Caribbean, and to showing the rest of the world what this beautiful Region has to offer.”
CPL CEO Damien O’Donohoe and Republic Financial Holdings Limited President Nigel Baptiste at the historic Queen’s Park Oval in Trinidad and Tobago for the official signing of the contract
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) Limited; and HFC Bank (Ghana), as well as Republic Securities Limited and other subsidiaries. In keeping with international best practice, this holding company was formed with the aim of offering increased operational efficiencies and optimum management of the Group; ultimately leading to greater value for shareholders and clients while enabling greater strategic focus and diversification.
Today, the Republic Group has a staff complement across the Caribbean Region of 4098 people. As at September 30, 2015, the consolidated assets of Republic Financial Holdings Limited (then Republic Bank Limited) stood at US$10.5 billion, with equity at US$1.5 billion and profits attributable to shareholders for the year ended September 30, 2015, of US$194.4 million.
Republic Financial Holdings Limited is listed on the Trinidad and Tobago Stock Exchange. (CPLT20)
