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Both Republic Bank Guyana Limited and Demerara Bank Limited have each recorded just over $8 Billion in after tax profits. In highlighting Republic Bank’s audited financial statement for the year ending September 30, 2025, the Bank’s Chairman Nigel Baptiste said that throughout the year, Republic Bank continued to build on its strategic plans, which delivered […]
The Islamic Development Bank (IsDB) and the Inter-American Development Bank Group (IDB Group) have pledged US$1 Billion over the next five years to support development in Guyana and Suriname with the signing a Memorandum of Understanding (MoU). In a release, the financial groups said the move is to strengthen their strategic partnerships with the two […]
President Irfaan Ali has announced a raft of measures that are intended to monitor the country’s foreign currency as well as credit card spending. The Government is seeking to better understand the main drivers of the increase in demand for foreign currency here in Guyana. During a meeting with Executives of local Commercial Banks at […]
Republic Bank has announced the appointment of Guyanese national, Dr. Toussant Boyce as the new Managing Director of Republic Bank (Guyana) Limited. The appointment will take effect from the 1st October 2025. Dr. Boyce, who is also an Attorney-at-law, previously served with Republic Financial Holdings Group in Guyana and Trindiad and Tobago. He is rejoining […]
The Ministry of Natural Resources has announced that the ONE GUYANA Floating Production, Storage and Offloading (FPSO) vessel started oil production today. The vessel arrived in Guyana back in April and is the fourth and largest FPSO operating offshore Guyana within the Stabroek Block. In a statement, the Ministry explained that the vessel will be […]
By Svetlana Marshall Hammering the People’s Progressive Party/Civic (PPP/C) Government over its handling of the country’s resources, Business Executive and APNU Candidate, Dr Terrence Campbell, told New Amsterdam residents that A Partnership for National Unity (APNU) Government will prudently manage the country’s resources including the Oil and Gas Sector. Dr. Campbell was among the APNU […]
The Chevron oil company has been given the all clear by an International Tribunal to move ahead with its US$53 Billion acquisition of the HESS shares in the Stabroek Block, making it the new third partner in the lucrative oil operations in Guyana. A Reuters report this morning stated that the CEO of the company, […]
The Inter-American Development Bank (IDB) has approved a US$350 million policy-based loan to Guyana to push efforts to modernize and expand the country’s social protection systems. The loan is expected to support the Ministry of Human Services and Social Security in enhancing the efficiency and reach of its social safety net, with a focus on […]
Shareholders of the Guyana Bank for Trade and Industry Limited (GBTI) have been told that the local bank continues its strong performance and confidence continues to grow in the banking sector. The bank convened its 37th Annual General Meeting (AGM) on Friday and its Chairman, Robin Stoby, reported that GBTI recorded a Profit After Tax […]
The Guyana Bank of Trade and Industry (GBTI) has announced that it has a recorded a first quarter profit of $1.2B. In a release the bank said its solid first quarter performance was due to strong profitability, disciplined growth and robust capital levels. According to the Bank, it also delivered a 25.2%-year year-over-year increase in […]
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