Demerara Bank Limited Group has reported a significant 43per cent increase in Profit After Taxation for the six-month period ending March 31, 2025. A performance the Bank’s Chairman, Komal Samaroo, attributes to a well-executed growth strategy and continued investment in infrastructure and customer service.
According to unaudited financial statements, the Group achieved a Profit Before Taxation of G$4.114 billion, representing a continued upward trend in profitability. Profit After Taxation rose to G$3.083 billion, compared to G$2.154 billion for the corresponding period in 2024 an impressive 43 per cent year-over-year increase. This significant growth underscores the Bank’s operational strength and the successful execution of its strategic objectives.
Demerara Bank Chairman, Komal Samaroo
The Bank’s performance was further strengthened by double-digit growth in both deposits and its loan portfolio. Customer deposits grew by 22 per cent year-over-year, rising from G$155.9 billion to G$190.7 billion. Loans and Advances also surged by 35 per cent, increasing from G$78.2 billion to
nearly G$106 billion reflecting the Bank’s continued commitment to critical sectors such as manufacturing, agriculture, housing, and oil & gas.
The Bank’s capital adequacy and liquidity positions remain comfortably above regulatory
requirements, reflecting prudent balance sheet management and a resilient financial posture. Earnings per share have also recorded strong growth, indicative of the Bank’s sustained ability to
generate value for its shareholders.
In light of the Bank’s strong half-year results, the Board of Directors has recommended an interim dividend of G$0.80 per share up from G$0.60 per share in the prior year. The increase signals confidence in the Bank’s financial health and future prospects.
Demerara Bank Limited continues to push the boundaries of innovation with a strong focus on digital transformation. During the first half of the year, the Bank aggressively advanced the marketing and development of its digital platforms, aiming to deliver greater convenience,
security, and accessibility to customers nationwide. Notable initiatives included the expansion of
its ATM network, enhancements to its E-Banking platform, and the successful re-launch of its improved website. These efforts are part of the Bank’s ongoing commitment to ensuring customers enjoy easy access to banking services and a modern, seamless banking experience.
The Chairman extended appreciation to the Bank’s clients, Board of Directors and employees, emphasising that the Bank’s success is the result of teamwork and customer loyalty, stating, “these interim results reflect the dedication of our team, the loyalty of our customers, and our unwavering commitment to excellence. We remain focused on delivering superior financial solutions while embracing innovation to meet the evolving needs of our people”.
