GBTI Announces $4 Billion Profits for 2024, Emphasizing Digital…

GBTI recorded $4 billion in after-tax profits for 2024, a 31% increase from 2023, alongside a 24% growth in total assets to $249 billion. The success is attributed to a focus on digital transformation and customer-centric banking solutions. Chairman Robin Stoby highlighted the bank’s commitment to innovation, strong governance, and ethical practices as key drivers of its financial success.

The Guyana Bank for Trade and Industry Limited (GBTI) has announced an impressive $4 billion in after-tax profits for the fiscal year 2024, marking a 31% increase from the previous year. The bank’s assets have also surged to $249 billion, reflecting a robust growth rate of 24%. This remarkable performance underscores GBTI’s strategic focus on enhancing its financial strength through digital transformation and customer-centric services.

Chairman of GBTI, Senior Counsel Robin Stoby, highlighted that the bank’s growth is a product of its commitment to innovative financial solutions. He emphasized the importance of empowering individuals and businesses within Guyana’s expanding economy. GBTI has introduced new digital banking solutions to improve customer experiences and enhance financial accessibility, responding effectively to the needs of their clientele.

Investments in artificial intelligence-driven banking, cybersecurity, and mobile innovations have further bolstered GBTI’s position in the financial sector. According to Mr. Stoby, digital transformation is integral to the bank’s mission of providing seamless, efficient, and secure banking services to customers. The bank plans to address contemporary challenges in the evolving financial landscape through these initiatives.

GBTI remains dedicated to strong corporate governance, risk management, and ethical banking practices. The bank has reinforced its governance framework with comprehensive risk management policies to ensure financial stability and resilience. Looking towards 2025, GBTI aims to fortify its leadership in the financial sector by pursuing innovation, governance, and sustainable banking practices.

In summary, GBTI has demonstrated substantial growth in 2024, achieving a $4 billion profit with an emphasis on digital banking initiatives. The bank’s commitment to innovative solutions, coupled with strong governance and risk management practices, positions it strategically for future success. As the Guyanese economy continues to grow, GBTI remains focused on enhancing its offerings to support individual and business financial needs.

Original Source: newssourcegy.com