Republic Bank (Guyana) Ltd notched up an after-tax profit of $2.1b for the nine-month period which ended on June 30, 2016 – $188m higher than for the corresponding period last year.
This was revealed in the unaudited third quarter financial statements published in yesterday’s Sunday Stabroek.
Chairman of the Board, Nigel Baptiste in his statement said that total assets rose by $6.7b or 4.6% while total deposits grew by $4.8b or 3.8% year on year.
While no extraordinary gains are expected this year, Baptiste said that the bank still expects a satisfactory performance compared to last year.
Net interest income for the nine-month period ending in June this year was $5.09b compared to $4.74b the previous year.
The loan impairment expense was $411m for the current period compared to $349m last year.