Demerara Bank Limited (DBL) rattled up an after-tax profit of $1.67B for the year ended September 30, 2014, 29% above the previous year.
In the financial statements published in Saturday’s Stabroek News, Chairman of the local bank, Yesu Persaud hailed the performance as the most outstanding since it began business 20 years ago.
Interest income from loans and advances grew from $1.498B in 2013 to $1.898B this year. Interest expense