Republic Bank Limited
34
The total NPL to Gross Loans ratio for the Group suffered a slight
decline from 3.5% in 2014, to 3.7% in 2015, mainly due to
increased loan provisions in Ghana, as we seek to harmonise the
risk management policies of this newly-acquired subsidiary with the
policies of the rest of the Group. This resulted in a total $174 million
in provisions through the Statement of Income. The NPL ratio in
Barbados also deteriorated from 10.5% in 2014 to 11.6% in 2015,
due to increased unemployment on the island that negatively
impacted the residential mortgage portfolio.
All other regions, however, experienced improvement in this ratio,
led by the Cayman/Suriname/Eastern Caribbean segment, where
a marked improvement was enjoyed from 7.4% in 2014 to 5.3%
in 2015, due to the recovery and restructuring of the Government
of Grenada indebtedness. The ratio also improved marginally in
Trinidad and Tobago from 1.2% in 2014 to 1.0% in 2015 and in
Guyana from 5.7% in 2014 to 5.5% in 2015.
LoansandAdvancesbyTerritory
All figures are in TT$ Millions
Trinidad Barbados Guyana Cayman/
Ghana
Total
and Tobago
Suriname/
Eastern
Caribbean
Performing Loans
22,299
4,211
1,523
3,001
1,335
32,370
Non-performing Loans (NPL’s)
220
550
89
167
223
1,250
Gross Loans
22,519
4,762
1,613
3,167
1,559
33,619
Loan Provision
(133)
(177)
(21)
(106)
(174)
(611)
Net Loans
22,386
4,585
1,592
3,061
1,384
33,008
Contingency Reserve
171
397
73
2
–
642
Non-performing Loans to Gross Loans
1.0% 11.6% 5.5% 5.3% 14.3%
3.7%
Loan provision as a % of NPL’s
60.5% 32.1% 23.4% 63.7% 78.1%
48.9%
Provision and Contingency Reserves as a
% of Non-performing loans
137.9% 104.3% 104.6% 64.7% 78.1%
100.3%
Country (TT$ Millions)
2015
2014
Change
% Change
Trinidad and Tobago
1,688
1,571
116
7.4%
Barbados
366
300
66
21.9%
Guyana
192
183
9
4.8%
Cayman/Suriname/Eastern Caribbean
166
164
2
1.4%
Ghana
42
–
42
0.0%
Total
2,453
2,218
235
10.6%
Net Interest Income
ManagingDirector’sDiscussionandAnalysis
2
Executive
