GBTI records “solid” half-year with 43% growth in taxed profits

The Guyana Bank for Trade and Industry (GBTI) has delivered a “solid” half-year performance, having recorded a 43 per cent increase in profit after tax compared to the corresponding period last year.

In his Half-Year 2026 Financial Report, GBTI Chairman Suresh Beharry stated that this result during the first six months of this year is marked by resilient earnings, prudent balance sheet management, and sound capital adequacy.

Apart from the growth in after-tax profits, the bank’s earnings per share (EPS) also rose by 44 per cent, reflecting the continued effectiveness of GBTI’s strategic priorities and the resilience of its operating model.

Moreover, Return on Capital Employed (ROCE) stood at 18.3 per cent during this period, underlining the commercial bank’s focus on efficient capital deployment and sustainable returns.

The GBTI Chairman further reported that strong client engagement continued to be a growth driver, with total deposits increasing to $286 billion – up 13 per cent compared to the prior year.

“This performance underscores the continued confidence our clients place in GBTI and affirms the strength of our client-centric offerings and relationship-focused banking model,” he stated.

Moving forward, Beharry said the bank remains optimistic about the outlook for the business.

“Our priorities include sustaining profitable growth, advancing our digital capabilities, deepening client relationships, and maintaining the financial discipline that underpins our performance. I look forward to collaborating with our teams and stakeholders as we continue to evolve GBTI into a more agile, innovative institution, well-positioned for the future,” the chairman posited.

This solid performance for the first six months of this year comes on the heels of GBTI recording another strong financial year in 2025 with $4.5 billion in profit after tax – an increase from the $4 billion in the previous year.