GBTI reports $4B after-tax profit for 2024
Mar 05, 2025
…expects continued growth on the back of oil, gold sectors
Kaieteur News-The Guyana Bank for Trade and Industry (GBTI) on Tuesday reported a record-breaking financial performance for 2024, recording a profit after tax of $4 billion.
Guyana Bank for Trade and Industry (GBTI)
In a release, the bank said this marks a significant 31% increase from $3 billion in 2023, and credits the increase to the bank’s resilience, strategic investments, and commitment to innovation amid a rapidly evolving economic landscape.
GBTI’s total assets grew by 24%, reaching $249 billion, driven by a diversified loan portfolio and operational efficiency.
Chairman of GBTI, Robin Stoby S.C., said, “GBTI’s sustained growth is a testament to our unwavering focus on financial strength, digital transformation, and customer-centric banking solutions…as Guyana’s economy continues to expand, GBTI remains committed to empowering individuals and businesses through innovative financial services.”
Notably, it was stated that the bank’s push toward digital transformation played a crucial role in its success in 2024. GBTI introduced new digital banking solutions, artificial intelligence-driven cybersecurity measures, and mobile banking innovations aimed at enhancing customer experience.
Stoby explained, “Digital transformation is not just a strategy-it is our commitment to ensuring seamless, efficient, and secure banking for our customers…our advancements in Al, mobile banking, and customer-centric innovations position us as a forward-thinking financial institution.”
Moreover, governance and risk management also remained a priority for GBTI, with the bank reinforcing its corporate governance framework to maintain financial stability. Additionally, the institution said it deepened its corporate social responsibility initiatives in 2024, investing in education, youth empowerment, environmental sustainability, and social welfare programs.
Looking ahead, GBTI said it is well-positioned for continued growth this year, particularly as Guyana’s economy expands with the oil, gas, and gold sectors.
Stoby said, “Our vision for 2025 is clear: to solidify GBTI’s position as a leader in the financial sector through continued innovation, strong governance, and sustainable banking practices. We are excited about the future and remain committed to delivering long-term value for our customers, employees, and stakeholders.”
(GBTI reports $4B after-tax profit for 2024)
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