Profit for the New Building Society (NBS) for last year was $1.201 billion, which is down 6% from the previous year’s figure of $1.279 billion.
According to the financial statements of the mortgage institution, published in last Thursday’s edition of the state-owned Guyana Chronicle, interest income on loan assets rose from $2.4 billion in 2017 to $2.5 billion last year. Income from investments, however, slid from $273.5 million to $192.5 million and income from cash resources also fell from $396.7 million in 2017 to $290.3 million last year.
