Business News Wed, 25 Apr 2018

HFC Bank now Republic Bank

HFC Bank has officially rebranded as Republic Bank Ghana Limited.

The new name, according to the bank’s management, reflects the brand name of the bank’s parent company, Republic Financial Holdings Limited (RFHL), and reinforces the corresponding alignment.

Republic Financial Holding Limited is the most profitable bank in the English-speaking part of the Caribbean, with over 180 years of banking experience.

The bank is rated BBB by Standard and Poor’s and has over $68 billion in assets.

Mr Anthony Jordan, Managing Director of the bank, said the rebranding “will result in even greater benefits to you, our valued customers as we intend to leverage more on the 180 years of rich banking experience of our parent company.”

The move comes at a time some local banks are struggling to meet the Bank of Ghana’s new minimum capital requirement of GHS400million by the 31 December 2018 deadline.

Source: classfmonline.com