-up by 31%
The Guyana Bank for Trade and Industry’s (GBTI’s) 2024 after-tax profit was $4.018b, 31% higher than in 2023.
Its financial statements published in today’s Stabroek News showed that interest income for 2024 was $9.555b compared to $7.812b in 2023. Its interest expense rose slightly from $751.5m in 2023 to $765.5m last year. Other income rose from $2.980b in 2023 to $3.587b last year. Operating expenses climbed from $5.249b in 2023 to $5.804b last year.
Loan provisioning net of recoveries for 2024 was $605.5m. Taxation for 2023 amounted to $1.583b in 2023 compared to $1.966b last year.
Stabroek News
