The Republic Bank Group has recorded a profit attributable to shareholders of TT$285 million for the first quarter ended December 31, 2012. This represents an increase of 5% over the corresponding period the previous year, the bank said yesterday.The group’s assets are now TT$54.2 billion, which, when compared with that of December 2011, reflects growth of 10% as well as a 5% increase over the year ended September 2012.Republic Bank Group’s Chairman,cheap nfl jerseys, Ronald HarfordThe bank’s Chairman, Ronald Harford,Cheap NFL Jerseys China, in announcing the results, noted,China Jerseys Wholesale, “While we continue to be challenged locally by high liquidity, falling interest rates and minimal investment opportunities, we are encouraged by the upswing in credit demand, reflected in the 5% increase in our advances portfolio year-on-year.”Harford said that the bank’s success in its bid to? purchase the non-controlling interest in Republic Bank (Barbados) Limited,cheap nfl jerseys outlet, resulted in a 98.6% shareholding as at December 31,NFL Jerseys Store, 2012, with the remaining 1.4% shareholding to be transferred in the second quarter.“The year has started off with the promise of increased economic activity, which bodes well for the future.”Republic Bank has 11 locations throughout Guyana but is headquartered in Trinidad and Tobago.On October 13,Cheap Jerseys Supply, 1997, Republic Bank Limited of Trinidad and Tobago became majority shareholder of the National Bank of Industry and Commerce Limited after purchasing 47.5% shares from government and National Insurance Scheme and 3.5% from individuals, giving it controlling interests. On June 5, 2006, the official name of the Bank (National Bank of Industry and Commerce) was re-branded to Republic Bank (Guyana) Limited.