The Guyana Bank for Trade and Industry Limited reported after-tax profits of $4 billion for 2024, a 31% increase from 2023. The bank experienced 24% asset growth, emphasizing digital transformation and innovative financial solutions. Investments in AI and cybersecurity have enhanced its standing in the financial sector, while strong governance practices guide its long-term vision for 2025.
The Guyana Bank for Trade and Industry Limited (GBTI) has announced an impressive after-tax profit of $4 billion for the year 2024, marking a substantial 31% increase from the previous year’s performance. This growth is a clear indicator of the bank’s strategic focus on financial stability, innovative digital banking, and a customer-centric approach. In light of Guyana’s expanding economy, GBTI is dedicated to providing empowering financial solutions to both individuals and businesses.
Total assets for GBTI have reached $249 billion, reflecting a growth rate of 24%. The bank attributes its financial success to a strategic emphasis on digital transformation, adapting in accordance to Guyana’s rapid economic development. The introduction of advanced digital banking solutions has significantly enhanced customer experience and increased financial accessibility for users.
Furthermore, GBTI has invested in cutting-edge technologies, including AI-driven banking and cybersecurity advancements, which fortify its leadership within the financial sector. Senior Counsel Robin Stoby emphasized that the bank’s ongoing digital transformation is integral to its mission of delivering seamless and secure banking services to customers.
As part of its long-term strategic vision, GBTI is committed to upholding robust corporate governance and ethical banking practices. The bank has strengthened its governance framework through comprehensive risk management policies, ensuring financial resilience in a dynamic financial environment. GBTI aims to reinforce its position as a leader in the financial sector by 2025 with continued innovation and sustainable practices.
In summary, GBTI’s remarkable growth, demonstrated by a 31% increase in after-tax profits and a substantial expansion of its assets, showcases its commitment to innovation and customer-focused banking. With strategic investments in digital services and robust governance frameworks, the bank is well-positioned to continue leading in Guyana’s evolving economic landscape. GBTI’s proactive approach reinforces its dedication to financial strength and customer empowerment as it aims for future success.
Original Source: newssourcegy.com
