Republic Bank Ghana PLC has signed a memorandum of understanding with the Liberian Bank for Development and Investment.

The move according to the bank is to provide technical assistance on mortgage schemes amongst others to its Liberian counterpart.

Speaking to Joy Business, Managing Director, Benjamin Dzoboku said the agreement was necessary to providing technical support to the staff of the Liberian Bank of Development and Investment to enhance their skillsets.

He also said the move will also support the bank to achieve some growth in its mortgage portfolio.

"It's a technical service agreement with the Liberian Bank for Development and Investment to provide technical support. They want to achieve some level of growth in their mortgages. You know for Republic Bank Ghana Plc when you come to mortgages we have the expertise, so they identified us to support them".

Speaking on the progress made by the bank he said his outfit will continue on its positive trajectory going into 2025.

He further said the bank has put in more effort into reducing risk and improving on key areas to support the growth of the local economy.

"I believe by the third month[March 2025] of this year you will see our results. We expect it to be great. We expect our profit to be over GH200 million. If you have the skillsets no matter the economic fundamentals you will get it right. We are solid", he stressed.

President and Chief Executive Officer of the Liberia Bank for Development and Investment, Dr. Christian Allison said the partnership is key to the growth of the Liberia Bank of Development and Investment.

"We needed to put the bank back on the path of progress and internal progresses are key. We need to strategically partner some key players within the sector. We want to tap in on their knowledge and expertise", he said.

Republic Bank PLC pledged to deepen its operations in the micro, small and medium sectors to support the growth of the local economy.