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Robert Le Hunte has 'the formula' to take Ansa Bank to the next level


Robert Le Hunte has a reputation for taking businesses to the next level.
His experience in banking, insurance and management has taken him all over the world, where he took the wheel of companies that were either looking to make a change in the way they operated or a change in their level of performance, and within years there was a turnaround or expansion.
That skill will come in handy for the former Minister of Public Utilities in his new role as managing director of Ansa Bank, which was renamed after the Ansa McAl group acquired the local branch of the Bank of Baroda. ....

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Republic Bank's profits soar in first quarter


Republic Bank’s profits soar in first quarter
Article by
May 13, 2021
The Barbados economy may be in recession with the last quarter registering the worst contraction in the last 12 months, however, one of the country’s leading commercial banks is registering a significant jump in its group profits.
Republic Bank, which entered the Barbados market more than a decade ago by acquiring the former state-owned Barbados National Bank, says its takeover of a banking operation in the British Virgin Islands (BVI) was the main driver of the approximately 25 per cent increase in profits.
Republic Bank Group announced in just published unaudited financials for the quarter ending March 31, that its after-tax profit advanced from US$29.30 million for the same period last year to almost US$50 million this year. ....

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ERT rules against dismissed senior bank employee


ERT rules against dismissed senior bank employee
Article by
January 30, 2021
A former senior employee of a local commercial bank, who was caught at Grantley Adams International Airport with some $22,000 in United States foreign currency, has lost her claim for unfair dismissal from the financial institution.
The ruling was handed down today by the Employment Rights Tribunal (ERT) Chairman, retired High Court Justice Christopher Blackman in the unfair dismissal case brought by ex-sales supervisor Sonya Toppin against her former employer Republic Bank (Barbados) Limited.
Justice Blackman said the decision to throw out Toppin’s claim was based in part on her admission that she was about to fly to the United States with about US$20,000 in foreign currency for which she was not granted legal permission to carry, an act that constituted gross misconduct. ....

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