New Republic Bank Managing Director, Richard Sammy, Assumes Office On July 1, 2015

Mr. Richard Sammy, new Managing Director of Republic Bank (Guyana) Limited, will officially assume office on Wednesday, July 1, 2015, taking over from Mr. John Alves who retires on June 30, 2015.

Chairman of the Board of Directors Mr. Nigel Baptiste, in an address at a recent formal ceremony to bid farewell to John Alves and welcome Mr. Richard Sammy, described the Designate as forward-thinking, solution-seeking and someone who identifies and addresses challenges.

Baptiste added that Sammy joined the Republic Bank family six years ago, and brought to the Group his significant experience and expertise in Finance, Risk, Leadership and Customer Relations.

His record of performance earned him the appointment to the current post, where he is seen to possess strongest potential to build on what his predecessors started earlier at Republic Bank (Guyana) Limited.

The Chairman expressed every confidence that Sammy would build solid partnerships in Guyana and take customers’ business to another level.

Mr. Sammy in his response, shared that he welcomed the opportunity, and expressed how humbled he was to have been afforded such. He affirmed that he looks forward to rising to the challenge of continuing the duty of care. Care for staff, customers, shareholders and the communities served by Republic Bank (Guyana) Limited.

Richard Sammy also committed to maintaining the Bank’s rich heritage of social investments and staff volunteerism; to staying the course of solid, consistent growth and profitability; to understanding and responding to the relevant needs of all stakeholders; to promoting sound governance; and importantly to staying true to the legacy and corporate culture that enriches Republic Bank (Guyana) Limited and distinguishes the Organisation as a leader both in Guyana and the wider Region.

The Managing Director Designate also took the opportunity to express thanks to his family, colleagues, mentors and in particular, outgoing Managing Director Mr. John Alves, for generously sharing his time, knowledge and expertise during the period of transition.

John Alves in his farewell address conveyed immense gratitude for his time with the Bank, for the friendships made; bonds forged; personal growth realized and milestones achieved.

Mr. Alves expressed delight in passing the mantle to Mr. Richard Sammy, who brings a balance of youthfulness and strong banking skills to the position of Managing Director.

Having come to know Richard over the past few months of his transition, Alves expressed confidence that he will take the Bank forward and upward to the next level.

For more information on Republic Bank (Guyana) Limited Visit: www.republicguyana.com