Demerara Bank Limited (DBL) has registered a whopping after-tax profit of $4.06b for the financial year ended September 30, 2023 compared to $2.95b last year, an increase of 37.5%.
According to its Consolidated Financial Statements published in today’s Stabroek News, a significant portion of the expanded profit comprises other income which moved from $758m in 2022 to $2.74b this year.
Chairman of the bank, Komal Samaroo in his review said that it had been an outstanding year for DBL as it had recorded the best financial results in its history.