Demerara Bank Limited 2022 AR2
The report highlights Demerara Bank Limited's financial and operational performance for the fiscal year 2022. The bank achieved a significant milestone by reporting zero non-performing loans, despite a 25% increase in loans and advances to $58.19 billion. Total deposits grew by 15% to $106.98 billion, and profit after taxation remained stable at $2.95 billion. The bank also expanded its credit deployment to retail, SME, and agricultural sectors, including launching a collateral-free Farmers Credit Line. Additionally, construction began on its ninth branch in Leonora.
Company: Demerara Bank Limited
Country: Guyana
Year: 2022
Type: AR2
Pages: 92
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Demerara Bank Limited
Annual Report
The report highlights Demerara Bank Limited's financial and operational performance for the fiscal year 2022. The bank achieved a significant milestone by reporting zero non-performing loans, despite a 25% increase in loans and advances to $58.19 billion. Total deposits grew by 15% to $106.98 billion, and profit after taxation remained stable at $2.95 billion. The bank also expanded its credit deployment to retail, SME, and agricultural sectors, including launching a collateral-free Farmers Credit Line. Additionally, construction began on its ninth branch in Leonora.
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Document Details
Report Year
2022
Reporting Period
Oct 1, 2021 - Sep 30, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees