-losses on investments, loans grew significantly
For the half-year ended March 31st, 2024, Demerara Bank Limited has registered a 41% increase in after-tax profit compared to the same period last year.
In its interim financial statements published in today’s Stabroek News, Bank Chairman Komal Samaroo said that the unaudited financials were approved by its Board of Directors at a meeting on April 17.
After-tax profit at the end of March this year was $2.154b compared to $1.524b for the corresponding period in 2023. This reflected a growth of 41%.