GBTI notches $1.2B after-tax profit for 2010

For its last financial year, which ended on 31st December, 2010, the Guyana Bank of Trade and Industry (GBTI) achieved an after-tax profit of $1.2 billion, exceeding earnings for the previous year by $213 million or (22%).

According to GBTI’s annual report, total revenue for 2010 amounted to $4,379,000,000, which is up by 14% percent over the figure recorded for 2009. The bank’s revenue in 2010 came predominantly from loans and advances ($1,985,994,000), treasury bills and foreign bank deposits ($868,612,000), and investments ($571,531,000). In 2009,