GBTI records $4B after-tax profit, attributes success to digital driven strategies

…aims to roll out new financial products, expand digital services

The Guyana Bank for Trade and Industry (GBTI) has recorded $4 Billion in after tax profit for 2024, attributing this success to a year spent pursuing their digital and innovative strategies.

On Monday, GBTI revealed that the $4 Billion after tax profit is a 31 per cent increase compared to the previous year. Additionally, their total assets of $249 Billion reflected a 24 per cent growth. The bank was able to pay $32 per share in dividends, a 21 per cent increase, with a price of $1,440 per share and total dividend payout of $1.2 Billion for 2024.
The bank noted that its growth in the bank’s assets reflected strategic investment decisions, operational efficiency and diversifying its loan portfolio. According to GBTI Chairman Robin Stoby in the statement, the bank’s sustained growth also reflects their focus on customers.
“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,” Stoby was quoted saying.
The bank pointed out that during 2024, their success was fueled by a strategic push towards digital banking and innovation, which aligned with Guyana’s rapid economic expansion. According to the bank, they introduced new digital banking solutions.
Additionally, they have focused on enhancing customer experience and their access to finance. Further. investments in AI-driven banking, cybersecurity, and mobile banking innovations further strengthened GBTI’s position in the financial sector. According to Stoby, the bank remains committed to enhancing customer experience.
“Digital transformation is not just a strategy—it is our commitment to ensuring seamless, efficient, and secure banking for our customers. Our advancements in AI, mobile banking, and customer-centric innovations position us as a forward-thinking financial institution,” Stoby said.
Moving forward, the bank outlined its long-term vision including upholding strong corporate governance, risk management, and ethical banking practices. According to the Bank, it has been able to reinforce its governance framework with comprehensive risk management policies, ensuring financial stability and resilience amid a rapidly evolving financial landscape.
“Beyond financial performance, GBTI remains deeply committed to corporate social responsibility (CSR). In 2024, the Bank expanded its community initiatives, focusing on; education & youth empowerment, environmental sustainability, social welfare and financial inclusion. Through strategic partnerships, GBTI has positively impacted local communities, reinforcing its role as a trusted financial partner for national development.”
The bank also noted that with Guyana’s economy growing and thriving, particularly due to the extractive sectors, GBTI is well-positioned for future growth. According to GBTI, the Bank plans to introduce new financial products, expand its digital services, and strengthen customer relationships to meet the evolving needs of individuals and businesses.
“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,” Stoby explained.