GBTI reported after-tax profits of $4 billion for 2024, a 31% increase from 2023. The bank’s total assets reached $249 billion, driven by a strategic focus on digital banking and innovation. Enhancements in cybersecurity and mobile banking have strengthened GBTI’s position, while its commitment to governance and risk management ensures financial stability. Looking ahead, GBTI aims to solidify its leadership in the financial sector by 2025.
The Guyana Bank for Trade and Industry Limited (GBTI) announced a significant milestone, recording after-tax profits of $4 billion for the year 2024, indicating a remarkable 31% increase compared to 2023. This growth reflects the bank’s steadfast dedication to enhancing financial strength and customer-focused banking solutions, according to Chairman Senior Counsel Robin Stoby.
GBTI has reported total assets amounting to $249 billion, showcasing an impressive growth rate of 24%. The bank attributes its 2024 success to its strategic emphasis on digital banking and innovation, which aligns with Guyana’s broader economic development. Enhancements in customer experience and financial accessibility through new digital solutions are central to this achievement.
Investments in AI-driven banking technologies, cybersecurity measures, and mobile banking innovations have reinforced GBTI’s leadership position in the financial sector. Chairman Stoby emphasized that digital transformation goes beyond strategy; it is integral to providing secure and efficient banking solutions for customers.
The bank is also committed to maintaining robust corporate governance, risk management, and ethical banking practices as part of its long-term vision. By reinforcing its governance framework with comprehensive risk management policies, GBTI aims to ensure financial stability in a rapidly changing financial environment.
Looking ahead to 2025, GBTI’s vision focuses on solidifying its position as a leader in the financial sector through ongoing innovation, robust governance, and sustainable banking practices.
In summary, GBTI’s remarkable growth in profits and assets for 2024 highlights its successful focus on digital transformation and customer-centric solutions. The bank’s commitment to governance and risk management further strengthens its resilience and leadership in the financial industry, with clear objectives set for future innovation and sustainability.
Original Source: newssourcegy.com
