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GBTI Achieves $4 Billion in After-Tax Profits for 2024, Signifying Strong Growth

GBTI reported after-tax profits of $4 billion in 2024, up 31% from 2023. The bank cites its focus on digital transformation and customer service as key drivers. Total assets reached $249 billion, reflecting a 24% growth. GBTI aims to strengthen its leadership through continued innovation and robust governance practices. Its strategic vision for 2025 encompasses sustainable and ethical banking approaches.

The Guyana Bank for Trade and Industry Limited (GBTI) has reported after-tax profits of $4 billion for the year 2024, which marks a significant 31% increase from 2023. The Chairman, Senior Counsel Robin Stoby, attributed this sustained financial growth to the bank’s dedicated emphasis on financial stability, digital transformation, and customer-centric solutions.

As the economy of Guyana continues to flourish, GBTI expresses its commitment to supporting both individuals and businesses with innovative financial services. The bank noted a total asset growth of 24%, amounting to $249 billion, reflecting its strategic direction towards advancing digital banking and fostering innovation.

GBTI’s achievements in 2024 are credited to its proactive approach in enhancing customer experience through new digital banking solutions, thereby increasing financial accessibility. The bank’s investments in AI-driven services, cybersecurity, and mobile innovations have further solidified its leadership within the financial sector.

Chairman Robin Stoby emphasized that digital transformation constitutes an integral part of GBTI’s commitment to providing secure and efficient banking services for its clientele. Furthermore, the bank maintains a strong commitment to corporate governance, risk management, and ethical banking practices as part of its long-term vision.

Looking ahead to 2025, GBTI envisions reinforcing its position as a leader in the financial sector through ongoing innovation, robust governance, and sustainable banking practices. The bank’s framework integrates comprehensive risk management policies designed to ensure financial stability in a dynamic financial landscape.

In summary, GBTI’s robust performance in 2024 reflects its strategic focus on digital banking and customer service innovation. With a commitment to strong governance and risk management, the bank aims to enhance its leadership position in the financial sector, supporting Guyana’s growing economy. The emphasis on technological advancements positions GBTI well for future successes, projecting confidence in its ongoing transformation.

Original Source: newssourcegy.com

Fatima Al-Mansoori

Fatima Al-Mansoori is an insightful journalist with an extensive background in feature writing and documentary storytelling. She holds a dual Master’s degree in Media Studies and Anthropology. Starting her career in documentary production, she later transitioned to print media where her nuanced approach to writing deeply resonated with readers. Fatima’s work has addressed critical issues affecting communities worldwide, reflecting her dedication to presenting authentic narratives that engage and inform.

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