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 of G$4 billion, which represents a 31% increase in profit over the 2023 figures.
According to a statement from GBTI, its total assets rose to G$249 billion, customer deposits grew by 24% to G$209 billion, and the loan portfolio expanded by 12%.
The bank also reported that non-Performing loans declined to 3.85%, indicating continued improvements in credit quality and risk management.
Beyond financial performance, shareholders were also told that the Bank continues to play a key role in advancing inclusive finance, supporting community development, and promoting environmental sustainability.
“Through initiatives such as GBTI GROW and community outreach programs, the Bank remains focused on creating lasting positive impact for small businesses, entrepreneurs, and underserved communities across Guyana”, the meeting was told.
A key milestone celebrated at the AGM was the successful launch of GBTI GROW in 2024.
The initiative supports small businesses, farmers, and young entrepreneurs through enhanced access to credit and financial empowerment tools—underscoring the Bank’s commitment to inclusive growth and sustainable development.
The Bank declared a total dividend of G$32 per share, up 21% from the previous year, and reported a Capital Adequacy Ratio of 18%, far above the regulatory minimum.
Meanwhile, the Bank’s Chairman, Senior Counsel Robin Stoby announced his intention to step down as Chairman, after two decades of leadership at the bank.
He said the decision follows deep reflection and a belief in leadership renewal.
“It has been an honour to serve this institution and its stakeholders”, Stoby said.
He will remain on the Board of Directors at the bank.
The Board of Directors will make a determination on the appointment of a new Chairman at its next scheduled meeting in June.
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