Hand-in-Hand Trust Co registers $14.5M profit for 2010

Hand-in-Hand Trust Corporation Inc last year recorded an after-tax profit of $14,521,654, after recovering from a challenging 2009, when it registered a loss of $904,490,277 on the back of the writing off of impaired Allen Stanford investments.

The corporation’s financial statements were placed in Saturday’s edition of the Guyana Chronicle and are up to the end of December, 31, 2010.

Commenting on the institution’s financial statements, Chairman of the Board Paul-Chan-A-Sue said that an operational profit of $62.7 million was