Demerara Bank hits $2.17B in after-tax profit

As it celebrates its 25th anniversary, Demerara Bank Ltd has registered an after-tax profit of $2.177 billion for the financial year ended September 30th, 2019 and plans to pay out the highest dividend in its history.

According to its financial statements published in yesterday’s Kaieteur News, this year’s after-tax profit is 6.7% above the corresponding period last year.

In his Chairman’s review, Dr Yesu Persaud said, “As we look back on the history of the bank, we are proud of our progress over the last twenty-five years since it represents the bank’s continuous contribution to Guyana’s development.