The Central Bank of Trinidad and Tobago welcomes the statement released by Republic Bank. The Central Bank’s intervention on the matter was minimal and consistent with our commitment to working alongside the banking sector.

The Chairman and Board of Directors of Republic Bank considered it important to respond to the public concerns, and they took the appropriate action.

The Central Bank commends Republic Bank for responding so proactively to the concerns expressed by the public and, in particular, the Chairman of the Board for his very sensitive and positive handling of the matter.