With $2.3B in net income, GBTI records exceptional performance in 2022
See the full statement from GBTI below:
The Guyana Bank for Trade and Industry (GBTI) is pleased to announce an exceptional performance in 2022 with Total Assets of $175B, Net Income after Tax of $2.3B and an exponential improvement in its asset quality.
Against a background of a rapidly expanding economy, loans grew by 33% for the year to $65B, while deposits grew by 20% to $148B.
Based on this performance, a dividend of $20 per share has been recommended; $12 of which has already been paid to shareholders. This dividend represents a 25% increase over that of 2021.
“GBTI sees encouraging portents for continued positive growth in 2023. We anticipate a continuing growth trajectory and strengthening of our position in the local market”, says CEO James Foster.
Undoubtedly, a highlight of this performance is the transformative digital drive, through upgraded software, computer systems overall, and “Go- Banking” in the last quarter of 2022 without negative impact to its increasingly digital-savvy, customers. The upgrade process is ongoing; staff training is continuous, and clients are sharing expressions of support and greater confidence in the bank and Guyana’s economy.
GBTI’s competitive performance in 2022 was fueled further by an empowered team conversant with, and committed to, achieving its strategic priorities.
As 2023 enters its second quarter, GBTI is poised for continued growth and more regular engagement with stakeholders and the communities we serve, country-wide.