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Republic Bank open for business in Suriname

Paramaribo, Suriname: August 3, 2015Republic Bank (Suriname) N.V. on Monday opened the doors of its six-branch network in Paramaribo and Nickerie, having acquired the operations of RBC Royal Bank (Suriname) N.V. from RBC Financial (Caribbean) Limited, through the purchase of Royal Overseas Holdings (St. Lucia) Limited.

The transaction was approved by the Central Bank of Trinidad and Tobago and the Central Bank of Suriname.

“We are very excited about opening our doors in Suriname,” recently appointed Managing Director of Republic Bank (Suriname) N.V., Gloria Anthony, stated. “We have a tradition of excellence and we look forward to continuing to build on this legacy by partnering with Suriname’s dynamic team to deliver excellence in Customer Satisfaction, Employee Engagement and Social Responsibility. We’re essentially driven by a philosophy of expansion through organic growth and by ensuring strong local participation in all our investments, for the long term,” Anthony said.

The former General Manager of Commercial and Retail Banking at Republic Bank, has extensive experience in Corporate and Retail Banking, and will bring her senior managerial experience in key positions, including Regional Sales Manager, Corporate Manager and Area Credit Manager, to the Bank’s operations in Suriname. She holds a Master’s Degree in Business Administration from Heriot-Watt University, U.K. and an Associate Degree in Banking from the I.F.S. School of Finance, U.K.

Anthony added that alongside the Management Board of Peter Ng A Tham, Deputy Managing Director and Montague Mc Leod, Director, Corporate Banking, and a staff of over 180 employees, Republic Bank looks forward to working with Suriname’s management and staff. The Bank will make available to the Surinamese market, a wide array of products and services, as well as access to its wealth of banking expertise, including commercial and retail, as well as merchant and corporate banking.

Anthony also stated that the Bank’s core purpose is that of building successful societies, from the commercial as well as community level, and that the Republic Bank Group has contributed over US$25 million in corporate social responsibility initiatives through the Power To Make A Difference programme.