For decades Republic Bank has been engaged in making a difference in communities throughout Grenada. Our philanthropic programmes have been focused on developing the skills, talent and intellectual prowess of the people of Grenada and the Caribbean archipelago. Through our support of community outreach programmes, sport, culture, poverty alleviation, education and entrepreneurship we have continued to partner with individuals and groups in the communities in which we operate to promote self-sufficiency, development and hope for the future.
Republic Bank is accepting applications for its University of the West Indies Scholarship and Bursary Programmes.
The Republic Bank Scholarship is opened to Grenadian Nationals pursuing a full time Bachelors degree at any of the three main campuses of the University of the West Indies. It covers the cost of tuition, accommodation, books and other expenses.
The Republic Bank Bursary is designed to assist Grenadian Nationals pursuing their Bachelors Degree part time at the UWI Open Campus Grenada, Marryshow House. It covers the cost of tuition and books.
The pre-requisites for these programmes are financial need and academic ability. Application forms and other information on these programmes are available online at www.republicgrenada.com or from Marryshow House.
All completed application forms must be returned to the Resident Tutor and Head of the UWI Open Campus Grenada, Marryshow House, H.A. Blaize Street, St. George’s by July 18th 2008. Incomplete applications will not be acknowledged
General Manager/Chief Executive Officer of the ECSE, Trevor Blake (centre)
shares a moment during the plaque presentation with Managing Director,
Republic Bank Limited, David Dulal-Whiteway (far left); Managing Director,
Republic Bank (Grenada), Daniel Roberts(second from left); Manager, Republic
Finance and Merchant Bank, Wilma Williams; and Chairman, Republic Bank and
Republic Bank (Grenada), Ronald Harford.
July 4, 2008 - Republic Bank (Grenada) Limited has become the first Grenadian corporation to list its shares on the Eastern Caribbean Securities Exchange (ECSE). The listing ceremony took place on June 25, 2008 at the Spice Island Beach Resort, Grand Anse, St. George’s, Grenada.
In sharing his thoughts on the Bank’s vision with guests at the ceremony to mark the listing, Managing Director of Republic Bank Limited, David Dulal-Whiteway, said, “I am pleased to say that the Republic Bank Group is the only indigenous Caribbean bank with operations in Trinidad and Tobago, Grenada, Guyana, Cuba and the Cayman Islands. We also own 20% of the Bank of St. Lucia. Our intention is to grow out that network because it is our view that there is need for a complete indigenous bank for the entire region.”
“We believe that we have a significant role to play in the development of the Eastern Caribbean and we look forward to your continued support, since the only way that we can be truly successful is with the support of our customers, shareholders, and the various Governments and communities which we serve,” he added.
Since the listing provides additional liquidity to the Bank’s shareholders, they (shareholders) will now be able to determine independently the market value of their shareholding for the purpose of sale as well as collateral for loans.
Republic Bank Chairman, Ronald Harford, offered his words of encouragement, saying, “What this means for a company that has, as at the end of 2007, an asset base of EC$681 Million, after-tax profits of approximately $13 Million and an increasing percentage of customer deposits, is that we are going to add even more vibrancy to the ECSE.”
Also present at Wednesday’s launch was General Manager/Chief Executive Officer of the Eastern Caribbean Securities Exchange, Trevor Blake, who said that the listing comes at a favourable time for the Bank, the ECSE and the region.
“Today’s achievement represents the culmination of a process that started many years ago...very early in the life of the ECSE, we started the process of engaging a number of the leading companies in the region with a view to getting them on the market,” Blake said in his feature address.
“Republic Bank (Grenada) Limited...was among a select group of companies that we started working with to ensure that we could better market with a cadre of blue chip companies.” he added.
The listing ceremony was attended by Permanent Secretary in Grenada’s Ministry of Finance, Timothy Antoine and a wide cross section of the Grenadian business community including a number of shareholders.
Republic Bank (Grenada) Limited shares have been listed at an initial price of EC$55, reflecting a PE ratio of 6.3.
L to R: Head of UWI Open Campus, Dr. Curtis Jacobs, Scholarship
Recipient, Randy Cadet, Managing Director, Republic Bank (Grenada)
Ltd., Daniel Roberts.
August 21, 2008 - Republic Bank recently reinforced its commitment to making a difference in the lives of the youth through educational development - Randy Cadet, a former teacher of the St. Joseph's Convent, St. George's, is the 2008 recipient of a two-year scholarship valued at $40,000 to pursue a full time Degree at the University of the West Indies (UWI).
In presenting the award to Mr. Cadet at a brief presentation ceremony held at the Board Room, Republic House on August 21st, Managing Director of Republic Bank (Grenada) Limited, Daniel Roberts, said, "I am delighted to present the 15th Republic Bank Scholarship to another young man and convey best wishes to you in your studies."
Mr. Cadet is transferring from the UWI Open Campus Grenada to the UWI Cave Hill Campus, Barbados to complete his Bachelors in Economics (Special).
"I am blessed and humbled, I feel as though my dream has come true. I truly believe in my alma mater's motto 'No reward without labour.'" Cadet said.
Cadet, a past student of the GBSS, added that the scholarship will assist in his goal of being an Economist as he wants to make a meaningful contribution to the development of Grenada's economy."
In congratulating Randy, Head of Centre, University of the West Indies, Open Campus Grenada, Dr. Curtis Jacobs said, "It is nice that Republic Bank is continuing its association with the UWI. It is even more gratifying to see another young man being a Republic Bank Scholar, following the recent, very successful performance of the 2006 scholarship recipient Adrian Mc Neilly whose academic performance was particularly outstanding."
"I hope Randy continue the trend of excellence particularly among the young men. I also trust that Adrian and Randy's successes serves as an inspiration to other young Grenadian males," Jacobs added.
Launched in 1994, the scholarship assists students to attend the UWI under the Bank's corporate social responsibility initiative, the Power to Make a Difference Programme.
The Republic Bank Scholarships are available to Grenadian nationals pursuing or intending to pursue a first degree at any campus of the University of the West Indies. The areas of study for the Republic Bank Scholarship are: Business Management/Management Studies, Information Technology, Economics, Marketing, Finance, Accounting and Human Resource Management. These areas of study are subject to review at the discretion of the Bank.
In selecting candidates for the scholarship, careful consideration is given to financial need, the area of study and academic record. The selection process involves the preparation by the UWI Open Campus Grenada of a shortlist from the applicants. A committee comprising the Resident Tutor and Head of the Open Campus and two representatives of the Bank makes the final selection.
The next Republic Bank Scholarship will be awarded in August 2009 and application forms are available from the UWI Open campus or on-line at www.republicgrenada.com.
Deadline for the receipt of applications is June 30th of each year.
August 26, 2008 -For the first time in four years, the Republic Bank RightStart Cup Youth Football Tournament for secondary schools, affectionately called the RightStart Cup, will open at the La Sagesse Playing Field, St. David's on Thursday September 18, 2008 at 2:00 p.m.
The popular annual competition, which is organised in collaboration with the Ministry of Youth Empowerment, Culture and Sports, opens with the parade of teams and an inaugural match between the home team from Westerhall Secondary and the Grenada Boys Secondary School.
RightStart Cup 2008 is divided into four categories - senior boys, junior boys, girls open and a knock-out competition - with several prizes to be won, including football scholarships to the Republic Bank RightStart Football Camp in Trinidad for the tournament's top four players. Winners will also receive RightStart Savings accounts.
Prior to the RightStart Cup's open, a special meeting for all Secondary School Physical Education Teachers and Coaches is scheduled for Friday September 12th from 1:00 p.m. at the Ministry of Youth Empowerment, Culture and Sports.
Game fixtures and results will be published in the press. Attendance is free and all are invited to attend.