RBTT records strong growth

Peter J. July, Group Chairman, RBTT Financial Holdings Limited, announces profit attributable to shareholders of US$32.9 million for the first quarter ended June 30, 2005. This is a 16% increase over the comparable quarter in the previous year. {{more}}

The Group’s core business across all its markets continued to perform well. Total assets increased by US$387 million or 6 per cent driven by loans and advances which grew by US$163 million, and the investment securities portfolio which increased by US$114 million.

The Group’s strong earnings momentum is expected to continue, given the consistent growth trend in earning assets experienced in the last two quarters.