GBTI registers after-tax profit of $3.1b for 2023

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The Guyana Bank for Trade and Industry (GBTI) has registered an after-tax profit of $3.1b for 2023. This is 32.5% higher than for 2022. According to its financial statements published in yesterday’s Stabroek News, interest income rose from $6.5b in 2022 to $7.8b last year. Net interest income was $7.06b in 2023 compared to $5.85b in 2022. Operating expenses rose from $4.46b in 2022 to $5.24b last year. Loan provisioning net of recoveries dropped significantly from $681m in 2022 to $220m last year.

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