Just one day before the Republic Bank was set to introduce increased banking fees for customers Republic Financial Holdings Limited (RFHL), announced profits attributable to its equity holders of $1.07 billion for the first half of the 2026 financial year.
In a release on Thursday, Yashmid Karamath, Chairman of RFHL stated this was an increase of $54 million or 5.4 per cent over the $1.01 billion recorded in the same period of the prior year.
Karamath said, “Despite this positive momentum, the operating environment across our markets remained challenging. Geo-political uncertainty, economic headwinds, inflationary pressures, tighter liquidity conditions, and uneven growth trajectories have impacted government, consumer and corporate activity across the countries in which we operate. These factors have required careful navigation, particularly in managing credit risk and maintaining prudent capital and liquidity positions, while the Group’s diversified portfolio provide inherent counterweights.”
Karamath added, “We also continue to enhance our risk management frameworks, optimise our cost base, and invest in digital transformation to improve efficiency and customer experience.”
He said furhter, “Looking ahead, we are mindful that the geo-political and economic environments will remain unpredictable in the short term. However, the Group remains well-positioned to navigate these uncertainties. Our strong capital base, robust governance, and clear strategic direction provide a solid foundation for sustainable growth. The Group remains committed to delivering long-term value to shareholders while supporting the communities and economies in which we operate.”
Based on the results, the board of directors has declared a quarterly interim dividend of $0.60 per share, which is the same as the prior year, payable on May 28, 2026, to shareholders on record as of May 15, 2026.
