Demerara Bank opens $485m branch in Leonora

The $485 million Demerara Bank Limited facility at Leonora (Department of Public Information photo)

Demerara Bank Limited (DBL) yesterday opened its ninth branch to the tune of $485 million at Leonora, West Coast Demerara as it celebrates its 29th anniversary.

Chief Executive Officer (CEO) Pravinchandra Dave, while announcing his retirement, noted that the commercial bank is working towards doubling its profits and introducing online banking systems in 2024.

Noting his more than 22 years of service to the bank, Dave said that he is gratified and deeply proud of the progress of the commercial entity over the years despite challenges and obstacles.