GBTI profit goes over a billion

The Guyana Bank for Trade and Industry’s 2010 profit reached $1.2B compared to the $991M for 2009, according to its financial statements published in today’s Stabroek News.

Total income was $4.3B for 2010 while it was $3.8B for the previous year.

Total expenses rose from $2.4B to $2.7B. An interim dividend of $3 per share was paid and there is a proposal for a final dividend of $6 per share. Earnings per share moved from $24.79 in 2009 to $30.11. Return on average equity moved from $19.24% in 2009 to 19.82% last year. Return on average assets moved from 1.92% in 2009 to 2.07% last year.