Demerara Bank registers $1.7B profit

By Staff Editor On In Guyana News |
The new Demerara Bank headquarters at Lot 214 Camp Street Georgetown, between Lamaha and New Market streets is now set for opening. It was built at an estimated cost of between $900 million and $1 billion. (Keno George photo)
The new Demerara Bank headquarters at Lot 214 Camp Street Georgetown, between Lamaha and New Market streets is now set for opening. It was built at an estimated cost of between $900 million and $1 billion. (Keno George photo)

Demerara Bank Limited (DBL) has registered an after tax profit of $1.7b for the year ended September 30, 2015, an increase of 1.7% over the previous year.

In its financial statements published in the November 7 edition of Stabroek News, the 21-year-old DBL said that its profit before taxes for the year was $2.6b which was an increase of 2.6% compared to the previous year. The after tax profit in 2014 was $1.67b.

The bank’s