Demerara Bank records 35% profit growth

Demerara Bank Limited has announced its financial results for the six-month period ended March 31, 2026, reporting Profit After Tax of G$4.18 billion, an increase of 35.43% compared with G$3.08 billion for the corresponding period in 2025. The performance reflects sustained momentum across the Group’s core business lines and a deepening alignment with the pace and scale of Guyana’s economic transformation.

Growth during the period was broad-based and closely tied to real economic activity. Customer deposits rose by 28.44% to G$244.9 billion, while Loans and Advances increased by 28% to G$136 billion. This expansion was driven by continued demand for financing across housing, services, agriculture and manufacturing, as individuals and enterprises increasingly participate in a growing and more dynamic economy. The Group’s ability to translate macroeconomic expansion into tangible financial intermediation underscores its relevance in the current environment. The Group is not only benefiting from growth but is playing an active role in enabling it, supporting individuals, businesses, and sectors that are shaping the country’s economic trajectory.

Chairman Mr. Samaroo, commenting on the results, noted that the Group’s performance reflects a deliberate and disciplined approach to growth. He emphasized that as the economy expands, the Group remains focused on scaling responsibly, strengthening customer relationships, investing in people and building the infrastructure required to support long-term value creation. This approach continues to position the Group as a stable and forward-looking financial partner in a rapidly evolving market.

The Group’s financial strength remains a defining feature of its performance. Capital and liquidity levels were maintained above regulatory requirements throughout the period, while asset quality and risk management standards remained sound. This foundation not only supports current growth but also provides the flexibility to respond to increasing demand for credit and financial services without compromising prudence.

At the same time, Demerara Bank’s ongoing investment in digital transformation is beginning to translate into measurable strategic value. Enhancements to customer-facing platforms, service delivery channels, and operational systems are improving efficiency and accessibility, while laying the groundwork for scalable growth. These initiatives are positioning the Group to compete more effectively in a financial services landscape that is becoming increasingly driven by speed, convenience, and technological capability.

Reflecting confidence in the Group’s earnings trajectory and overall financial position, the Board of Directors has recommended an interim dividend of G$1.00 per share, an increase from G$0.80 per share declared in the prior year. This decision reinforces the Group’s commitment to delivering consistent and enhanced returns to shareholders while continuing to invest in future growth.

Looking ahead, the Group remains focused on expanding its market presence, enhancing the quality and reach of its service delivery, and leveraging innovation to capture emerging opportunities. The group declared that together, with vision, trust and determination the group will continue to grow stronger, shaping the future of banking in Guyana and the wider Caribbean.