The Hero Caribbean Premier League (CPL) and Republic Bank have jointly announced the signing of a three-year contract extension to continue as the tournament's Official Bank Partner until the end of the 2020 campaign.
Headquartered in Trinidad, Republic Bank has sponsored the Hero CPL for the last two seasons and is expanding its role in the region's largest sports-entertainment event in line with the vision to be the region's leading bank. As part of the arrangement all CPL banking activity will move to the bank who will assist in helping navigate the inter-island challenges that many Caribbean businesses face.
On May 15 this year Republic Bank will mark its 180th year of operations, which is testament to its innovation, leadership and great standing across Caribbean society. As part of this new deal, fans of the Hero CPL will avail of special offers and exciting competitions to further extend the strong links across the local communities.
Mr. Nigel Baptiste, Managing Director of Republic Bank Limited, reiterated the Bank's focus, saying: "Republic Bank is honoured, as the Caribbean's largest indigenous banking Group, to partner with the Hero Caribbean Premier League in bringing the Region's largest sport entertainment event to Cricket fans everywhere. This partnership has given us the opportunity to not only augment our focus on building successful societies, both locally and regionally, but to also help provide the economic and environmental benefits of tourism – a sector that is critical to the development of many of our Caribbean countries.
"Our hope is that, through this League, there will be deeper integration and collaboration between the leading minds and organisations across the region, resulting in both the tangible and intangible benefits that can come from being parts of a larger whole. What better way to start that unification, than through the time-honoured and globally treasured sport of cricket."
Welcoming the announcement, Mr. Damien O'Donohoe, Chief Executive Officer of the Hero CPL said: "It is my great pleasure to welcome Republic Bank as one of Hero CPL's major partners for the next three years. Their vision of an event that unites and inspires the Region is a vision that we also share. We look forward to working closely to continue to drive the mutual goals of social and sporting unity, and positive economic impact through investment, global exposure and tourism."
Mr. Jamie Stewart, Commercial Director of the Hero CPL, added: "Success in T20 cricket relies on players with all-round abilities and in that sense Republic Bank are a very appropriate partner for the region's T20 extravaganza. Their comprehensive array of products and services making them the great all-rounder of regional banking."