Annual Report 2015
11
2
Executive
1996
Bank of Commerce acquired. The acquisition
was one the largest and most successful organisational
transformations within the Caribbean and resulted in the
Bank having the largest branch and ABM networks in Trinidad
and Tobago. In 1997, Bank of Commerce was successfully
integrated with Republic Bank.
1997
Acquired 51% shareholding in National Bank of
Industry and Commerce Limited (NBIC), the largest commercial
bank and one of the longest-serving institutions in Guyana.
In 2003, NBIC acquired the assets of Guyana National Co-
operative Bank (GNCB). NBIC was re-branded Republic Bank
(Guyana) Limited in 2006. Currently, Republic Bank (Guyana)
employs 655 persons and has 11 banking offices.
2000
In December 2000, Republic Bank was awarded
the “Employer of The Year” award from the National Union
of Government and Federated Workers (NUGFW). The Bank
was identified as a best practice organisation in the area of
union/management relationships, in 2001.
2003
Acquired a 57.23% majority shareholding in
Barbados National Bank Inc. (BNB), one of the longest serving
Banks in Barbados, the shareholding later increased to 65.1%.
In 2012, BNB was re-branded Republic Bank (Barbados)
Limited. Currently, it boasts one of the largest ABM networks
on the island, with ten conveniently located branches.
