In 2024, GBTI reported after-tax profits of $4 billion, a 31% increase from the previous year. Total assets reached $249 billion, growing by 24%. The Bank’s strategic focus on digital banking and innovation, alongside a commitment to governance and risk management, underpins its vision for sustainable success in the financial landscape.
The Guyana Bank for Trade and Industry Limited (GBTI) recently revealed that it achieved after-tax profits of $4 billion in 2024, marking a significant 31% increase compared to the previous year. Senior Counsel Robin Stoby, the Bank’s Chairman, attributed this steady growth to the institution’s commitment to financial strength, digital transformations, and customer-focused banking solutions.
The Bank noted a total asset growth of 24%, amounting to $249 billion, driven by strategic initiatives in digital banking and innovation reflective of Guyana’s economic expansion. GBTI emphasized the introduction of new digital banking solutions enhancing customers’ experience and financial access.
Investment in artificial intelligence (AI), cybersecurity, and mobile banking advancements has fortified GBTI’s position within the financial sector. Chairman Stoby remarked that digital transformation is an integral aspect of GBTI’s commitment to providing seamless, efficient, and secure banking services.
GBTI maintains a dedication to strong corporate governance, risk management, and ethical banking practices as part of its long-term vision. The bank has enhanced its governance framework through robust risk management protocols, ensuring resilience amidst the evolving financial landscape.
The institution’s aspiration for 2025 is to further establish itself as a leader in the banking sector via ongoing innovation, stringent governance, and sustainable banking practices. GBTI is poised to empower individuals and businesses, adapting to the fast-paced growth of Guyana’s economy.
In conclusion, GBTI’s outstanding performance in 2024 illustrates its dedication to innovation and customer service, aligning with the growth of Guyana’s economy. The Bank’s focus on digital transformation and robust governance positions it well for future success, aiming to not only maintain but enhance its leadership in the financial sector.
Original Source: newssourcegy.com
