GBTI after-tax profit rises by 20%

John Tracey

After-tax profit for the Guyana Bank for Trade and Industry (GBTI) was up by 20% for 2013 over the previous year.

The Bank’s annual report revealed that the after-tax profit for last year hit $2.178B compared to $1.181B in 2012. The return on equity was 21.42% and the return on average assets was 2.28%.

GBTI is to hold its Annual General Meeting on April 30 at the GBTI Head Office in Kingston. On the agenda will be a motion to recommend a dividend of $17 per share of which $5 has already been paid.

In his report, Chief Executive Officer John Tracey noted that the rate of growth of the economy slowed in the