Demerara Bank registers $1.7B profit

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

In its financial statements, published in the November 7th 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 Chairman Yesu Persaud, in his review, said that Guyana’s economy is going through challenging times as