HFC Bank, a member of Republic Financial Holdings Limited (RFHL) of Trinidad and Tobago, was the platinum sponsor at a two- day Local Content Oil and Gas Exhibition organized by the Petroleum Commission of Ghana (PetroComm) in Takoradi.

The just-ended conference, held under the theme: “Creating Champions, increasing in-country value creation and capability of domestic Businesses,” brought together major players in the Oil and Gas industry to exchange ideas and propose strategies to advance the sector.

Speaking at the event, the Managing Director of HFC Bank, Mr. Robert Le Hunte, presented the Bank's financing proposition on Oil and Gas to the players in the industry.

He emphasized the Bank's commitment to being the leading promoter of Local Content in the Oil and Gas industry.

He enumerated Republic Financial Holdings Limited's contribution to the Oil and Gas industry in the Caribbean region and gave examples of how they have created financing options and built human resource capacity in the sector and added that this expertise will be leveraged and applied to Ghana's oil and gas industry.

HFC Bank, which is also Ghana's most diversified financial institution, is well known for its investment and sponsorship support to various sectors of the economy ranging from the Cocoa, Real Estate, Educational and the Energy sector.

HFC Bank's parent company, Republic Financial Holdings Limited's (RFHL) exposure to the Oil and Gas industry is estimated at US$444 Million with a breakdown of US$312 Million (75%) into loan facilities, Bonds – US$24.25 Million (9%) as bonds, Investment at US$60 Million (13%) and Leasing at US$12 Million (3%).

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