Demerara Bank Limited announced strong financial results for the six-month period ended March 31, 2026, reporting Profit After Tax of G$4.18 billion, representing a 35.43 per cent increase compared with G$3.08 billion for the corresponding period in 2025.
The bank attributed its robust performance to sustained momentum across its core business lines and deepening alignment with the pace and scale of Guyana’s economic transformation.
Growth during the period was broad-based and closely tied to real economic activity. Customer deposits rose by 28.44 per cent to G$244.9 billion, while Loans and Advances increased by 28 per cent to G$136 billion.
The expansion was driven by continued demand for financing across housing, services, agriculture, and manufacturing, as individuals and enterprises increasingly participate in a growing and more dynamic economy.
According to the bank, its ability to translate macroeconomic expansion into tangible financial intermediation underscores its relevance in the current environment. The Group is not only benefiting from growth but is actively enabling it, supporting individuals, businesses, and sectors shaping the country’s economic trajectory.
Chairman Mr. Samaroo commented that the Group’s performance reflects a deliberate and disciplined approach to growth. He emphasized that as the economy expands, the Group remains focused on scaling responsibly, strengthening customer relationships, investing in people, and building infrastructure required to support long-term value creation.
“This approach continues to position the Group as a stable and forward-looking financial partner in a rapidly evolving market,” Samaroo stated.
The Group’s financial strength remains a defining feature of its performance. Capital and liquidity levels were maintained above regulatory requirements throughout the period, while asset quality and risk management standards remained sound.
This foundation not only supports current growth but also provides flexibility to respond to increasing demand for credit and financial services without compromising prudence.
Demerara Bank’s ongoing investment in digital transformation is beginning to translate into measurable strategic value. Enhancements to customer-facing platforms, service delivery channels, and operational systems are improving efficiency and accessibility while laying groundwork for scalable growth.
These initiatives are positioning the Group to compete more effectively in a financial services landscape increasingly driven by speed, convenience, and technological capability.
Reflecting confidence in the Group’s earnings trajectory and overall financial position, the Board of Directors has recommended an interim dividend of G$1.00 per share, an increase from G$0.80 per share declared in the prior year.
“This decision reinforces the Group’s commitment to delivering consistent and enhanced returns to shareholders while continuing to invest in future growth,” the bank stated.
The Group remains focused on expanding its market presence, enhancing the quality and reach of its service delivery, and leveraging innovation to capture emerging opportunities in the Guyanese and wider Caribbean financial services landscape.
