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Financial News

Feb 2007 Financial News

Republic sells FCIB shares

Feb 09, 2007

Port of Spain, Trinidad, February 8, 2007 - Republic Bank Limited advises that it’s wholly owned subsidiary Republic Caribbean Investments Limited in St. Lucia has sold the majority of its portfolio of shares in FirstCaribbean International Bank Limited. The sale has resulted in a realised gain of $338 million. This gain will be reflected in the consolidated income statement of Republic Bank Limited for the half-year ending March 31, 2007.

Source:
Republic Bank Limited
Thursday 8th February, 2007