Look at the profits that Demerara Bank made and compare that with the Interest they are paying customers to use their money. Tell me dis na mo dan rabbary wid aggravation? Dem. Bank profits hit $2.5B mark Demerara Bank Limited has recorded its best year yet, recording the highest profit in its history. According to the bank, it has performed remarkably well in all areas during its financial year ended September 30, 2014. The bank is reporting profit before taxation of $2.544B, an increase of 30% over the previous year, whilst net profit rose by 29%. Demerara Bank, which describes itself as Guyana’s first indigenous commercial bank, opened for business on November 21, 1994. “DBL is the only fully owned Guyanese bank and the youngest bank among all the commercial banks in Guyana, and to reach a landmark of $2.544 billion in profit is really an outstanding achievement for the bank.” [Kaieteur News - 17th October, 2014]
Posted on: Sat, 18 Oct 2014 23:28:48 +0000