CPL proud to welcome Republic Bank as Official Bank

Nigel Baptiste sees “economic and environmental benefits” in partnering with CPL.

Damien O’Donohoe hails “home-grown powerhouse” partnership ahead of the biggest party in sport

The Hero Caribbean Premier League (CPL T20) is delighted to announce Republic Bank as its Official Banking Partner for the 2016 campaign.

Nigel Baptiste, President of Republic Financial Holdings Limited and Managing Director of Republic Bank Limited, said: "Republic Bank is honoured, as the Caribbean’s largest indigenous banking Group, to partner with the Caribbean Premier League in bringing the Region’s largest sport entertainment event to Cricket fans everywhere. This partnership has given us the opportunity to not only augment our focus on building successful societies, both locally and regionally, but to also help provide the economic and environmental benefits of tourism – a sector that is critical to the development of many of our Caribbean countries.

“Our hope is that, through this League, there will be deeper integration and collaboration between the leading minds and organisations across the Region, resulting in both the tangible and intangible benefits that can come from being parts of a larger whole. What better way to start that unification, than through the time-honoured and globally treasured sport of Cricket.” he added.

Damien O’Donohoe, Chief Executive Officer of the CPL, added: “It is my absolute pleasure to welcome Republic Bank as Official Bank of the Hero CPL for 2016. We deeply appreciate their heartfelt words regarding CPL’s significance and role in the region, and it is great to see another ‘home-grown' powerhouse as part of the CPL family.

“The message of CPL being a unifying force and in many ways an expression of the Caricom ideal is one that we also feel deeply about and we forward to working with the Bank to bring an even and more enjoyable sporting and cultural experience to the people of the English-speaking Caribbean, and to showing the rest of the world what this beautiful region has to offer.”

ABOUT REPUBLIC FINANCIAL HOLDINGS LIMITED:

Republic Financial Holdings Limited (RFHL) is the registered owner of all of the Banks in the Republic Bank Group – Republic Bank Limited, Republic Bank (Guyana) Limited, Republic Bank (Barbados) Limited, Republic Bank (Grenada) Limited, Republic Bank (Suriname) Limited, HFC Bank (Ghana), as well as Republic Securities Limited and other subsidiaries. In keeping with international best practice, this holding company was formed with the aim of offering increased operational efficiencies and optimum management of the Group; ultimately leading to greater value for our shareholders and clients while enabling greater strategic focus and diversification.

Today, the Republic Group has a staff complement across the Caribbean region of 4,098 people. As at September 30, 2015, the consolidated assets of Republic Financial Holdings Limited (then Republic Bank Limited) stood at US$ 10.5 billion, with equity at US$ 1.5 billion and profits attributable to shareholders for the year ended September 30, 2015, of US$194.4 million.

Republic Financial Holdings Limited is listed on the Trinidad and Tobago Stock Exchange with subsidiaries in Trinidad and Tobago, Guyana, Barbados, Grenada, Suriname and Ghana.

ABOUT THE HERO CARIBBEAN PREMIER LEAGUE:

The HERO Caribbean Premier League, which will take place from 29 June-7 August, is a franchise-based T20 format cricket tournament that combines two of the most compelling aspects of Caribbean life – dramatic cricket and a vibrant Carnival atmosphere. The CPL has attracted some of the biggest stars of the world game for the fourth year of this successful tournament. In addition to Barbados, Guyana, Jamaica, St. Kitts & Nevis, St. Lucia and Trinidad & Tobago, this year the CPL will also break new ground as six matches will be played in Central Broward Stadium, Lauderhill, Florida, from 28-31 July. Tickets for all CPL fixtures in the Caribbean and Fort Lauderdale are on sale now from www.cplt20.com.