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 strong performances driven by growth across all of its business segments.
According to Republic Bank, its profit after tax totaled G$8.3 Billion which represents a 15.2% increase over the previous financial year.
“As 2026 approaches, Guyana’s economic outlook remains robust, supported by strong growth prospects across key sectors. Republic Bank Guyana remains well positioned to navigate future developments with agility in the evolving economic and financial landscape. We continue building on a strong foundation, leveraging strategic investments in digital transformation, operational efficiency and human capital development to enhance service delivery,” the Bank’s Chairman said.
The Bank has also announced a dividend payment of $9.75 per stock unit which will go to its Annual General Meeting for approval.
For its part, Demerara Bank Limited has also announced a positive financial showing.
The Bank’s Chairman, Komal Samaroo, said the group recorded a 56.6% increase in profit before tax rising to $11.7B compared to $7.7B last year, with after tax earnings soaring by 50% to $8.4B this year.
The Chairman said the bank’s positive performance was driven by disciplined execution of strategy and operational excellence.
“This exceptional performance comes against a backdrop of moderating global growth and rising economic uncertainty. However, Guyana’s economy continues to expand rapidly, supported by the development of the oil and gas sector along with strong growth in the non-oil industries such as manufacturing, agriculture, tourism and construction. Demerara Bank has remained at the forefront of financing this transformation, channelling capital into productive sectors that contribute directly to national projects,” the group Chairman said.
Mr. Samaroo, said this year’s success also reflects the Bank’s ongoing digital transformation, investment in human capital and focusing on sustainable growth.
He said Demerara Bank deposits expanded by 18.2%, while loans and advances grew to G $126 Billion.
The Bank also boasted that it has contributed 45% of the total growth in loans and advances within the banking sector in the past year.
The Bank’s board has proposed a final dividend payment t of G$3.20 per share to its shareholder which, when combined with its interim dividend of G$0.08, will take the total dividend for this year to G$4.00 per share.
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