Demerara Bank Limited has recorded an after-tax profit of $2.9 billion for the financial year ended September 30, 2022.
According to the audited results for the financial year, the bank reported a pre-tax profit of $4.9 billion.
The after-tax profit compares with $2.95 billion for the previous financial year and $2.26 billion in 2020.
Demerara Bank Limited Chairman Komal Samaroo, in a statement, said that the Bank’s solid performance is a clear demonstration of its resilience in the midst of a challenging macroeconomic environment and is attributed to the commitment of the Bank’s staff and the efficient deployment of its resources.
