GBTI Announces $4 Billion in After-Tax Profits for 2024, Marking 31% Growth

GBTI has announced after-tax profits of $4 billion for 2024, representing a 31% increase from 2023, alongside total assets of $249 billion. The Bank attributes this growth to its strategic focus on digital transformation and customer-centered banking solutions. Chairman Robin Stoby highlighted the importance of innovative services while maintaining strong governance and risk management practices, with a vision to further solidify GBTI’s financial sector leadership by 2025.

The Guyana Bank for Trade and Industry Limited (GBTI) has reported after-tax profits of $4 billion for the year 2024, an impressive 31% increase compared to the previous year. This growth underscores the Bank’s commitment to financial robustness, supported by advancements in digital banking and a focus on customer-oriented services, as articulated by its Chairman, Senior Counsel Robin Stoby.

Chairman Robin Stoby emphasized the importance of GBTI’s focus on digital transformation in response to Guyana’s expanding economy. He expressed gratitude for the innovative financial solutions provided, which aim to empower both individuals and businesses alike. The bank’s total assets also reached $249 billion, reflecting a substantial growth of 24%.

GBTI attributes its success in 2024 to strategic investments in digital banking solutions and innovation, correlating with Guyana’s rapid economic advancement. Notable enhancements include the implementation of AI-driven banking, cybersecurity measures, and mobile banking innovations, all contributing to improved customer experiences and accessibility to financial services.

The Chairman reiterated that the bank’s digital transformation is a foundational commitment, ensuring seamless, efficient, and secure banking experiences for customers. Furthermore, GBTI remains dedicated to upholding strong corporate governance and ethical banking practices through comprehensive risk management policies, which ensure financial stability amid evolving market conditions.

Looking ahead to 2025, GBTI aims to solidify its leadership position in the financial sector by emphasizing continued innovation, robust governance practices, and sustainable banking strategies.

In conclusion, GBTI’s remarkable profit growth and increased assets in 2024 stem from a strategic focus on digital transformation and customer-centric solutions. The commitment to governance, risk management, and innovation positions the bank favorably in Guyana’s expanding economy, with a vision for sustained leadership in the financial sector by 2025.

Original Source: newssourcegy.com