The New Building Society (NBS) registered a profit of $679.8m for 2023, down by 27% from the 2022 mark.
According to the financial statement for the mortgage institution published in yesterday’s Guyana Chronicle, the 2022 profit was $931.8m.
Interest income on loan assets moved from $2.6b in 2022 to $2.8b last year. Interest expense climbed from $1.2b in 2022 to $1.4b last year.