GBTI records 25.2% increase in after-tax profit for 2025 Q1

The Guyana Bank for Trade and Industry (GBTI) has reported an increase of 25.2 per cent in Profit After Tax (PAT) for the first quarter of 2025.

In addition to the year-over-year PAT increase, the bank’s financial results also show a 27.2 per cent rise in Earnings Per Share (EPS).

According to GBTI’s Chairman, Robin Stoby, SC, this performance reflects the strength of the bank’s business model and the successful execution of its long-term strategy.

“GBTI delivered a solid first quarter, underscored by strong profitability, disciplined growth, and robust capital levels,” he posited.

Moreover, GBTI’s Return on Capital Employed (ROCE) stood at 14.6 per cent, underlining its focus on efficient capital deployment and sustainable returns.

Further, strong client engagement continued to be a growth driver, with total deposits increasing to $235 billion – a 32 per cent hike compared to the prior year.

“This performance speaks to the trust placed in GBTI by our clients and the attractiveness of our product offerings and relationship-driven approach,” the bank’s chairman noted.

Looking ahead, Stoby said they are excited about the opportunities before the bank.

“We remain committed to driving consistent, profitable growth, further strengthening our digital and client capabilities, and upholding the financial discipline that has long defined GBTI.”

“I look forward to working closely with our teams and partners to build a more agile, innovative GBTI positioned to lead in the evolving financial landscape,” the GBTI Chairman added.

This first quarter performance comes on the heels of GBTI recording $4 billion in after tax profit for 2024.

Back in March, the bank reported the 31 per cent PAT increase along with a 24 per cent growth in their total assets of $249 billion.