We’ve gone back to basics, targeting SMEs, corporate sectors to grow rapidly – Republic Bank MD

Republic Bank PLC is committed to expanding its operations in the SME sector, mortgages, and corporate services to support Ghana’s economy.

In 2023, the bank posted a profit of GH¢145 million, a significant recovery from a GH¢61 million loss in 2022.

Interest income grew by 56%, while non-performing loans reduced to 15.9%, below the industry average. The bank's loan portfolio also expanded by 24%.

At its 33rd Annual General Meeting, MD Benjamin Dzoboku pledged to pay dividends by 2026.

Republic Bank recorded zero cases of cyber fraud in 2023, highlighting its strong internal controls.