In the wake of rising bad loans and a massive alleged fraud against it this year, the Guyana Bank for Trade and Industry (GBTI) has posted an unaudited net after tax profit of $603m for the first six months of this year compared to $961m in the same period for 2016.
The half-year unaudited results were published in today’s Guyana Times and shareholders are likely to feel some impact. GBTI is paying an interim dividend of four dollars per share this year when in previous years it has been $6 per share. In recent years, the total dividend paid has been $17 per share broken down into an interim dividend of $6 and a final dividend of $11.