Demerara Bank Limited (DBL) has recorded a net profit of $2.263 billion for the year ending September 30, 2020, representing a 4% increase over the same period last year.
According to Chief Executive Officer Pravinchandra Dave, this performance is “nothing short of remarkable,” in a year which has been very challenging due to the effects of the COVID-19 pandemic and the elections impasse.
In an interview with Stabroek News, Dave said that DBL has become one of the soundest financial institutions in Guyana by growing with the customer. The bank intends to continue this trend in the new year through the opening of its eighth branch, the launch of a banking app and the development of an advanced corporate internet banking platform