…Chairman Robin Stoby to step down after 20 years
The Guyana Bank for Trade and Industry Limited (GBTI) reported robust financial results at its 37th Annual General Meeting (AGM) on Friday, showcasing a 31 per cent year-on-year increase in profit after tax to G$4 billion.
Delivering the Chairman’s Address, Robin Stoby, SC, highlighted the Bank’s continued growth trajectory. GBTI’s total assets climbed to G$249 billion, customer deposits rose by 24 per cent to G$209 billion, and the loan portfolio expanded by 12 per cent. The Bank also reported a reduction in Non-Performing Loans (NPLs) to 3.85 per cent, signalling improved credit quality and effective risk management practices.
In addition to its financial performance, the AGM underscored GBTI’s deepening commitment to corporate social responsibility and inclusive development. Through initiatives like GBTI GROW, launched in 2024, the Bank has expanded support for small businesses, farmers, and young entrepreneurs by improving access to credit and financial empowerment tools.
The Bank also reiterated its focus on community development and environmental sustainability through ongoing outreach efforts. These initiatives reflect GBTI’s broader goal of fostering long-term value and positive social impact across Guyana.
Shareholders welcomed the declaration of a G$32 per share dividend, up 21 per cent from the previous year. The Bank also maintained a strong Capital Adequacy Ratio of 18 per cent, well above regulatory requirements.
In a notable announcement, Stoby revealed his intention to step down as chairman of the board after two decades of service. “This decision follows deep reflection and a belief in leadership renewal,” he stated, while affirming his continued presence on the Board to offer strategic guidance. The appointment of a new Chairman is expected to be determined at the Board’s next meeting in June.
During the AGM, shareholders voted to re-elect Stoby; Anna Lisa Fraser-Phang, and Glen Parmassar as Directors of the Board.
Looking ahead, GBTI said that it will advance its focus on digital innovation, customer-centric strategies, and data-driven decision-making to support Guyana’s evolving financial landscape and economic expansion.
