Demerara Bank Limited reported a profit after taxation of $4.18 billion for the half year ended March 31, 2026, an increase of 5.43 per cent from $3.98 billion in the corresponding period last year.
In a published financial statement, the bank said deposits rose 28.44 per cent to $244.9 billion from $190.7 billion, while loans and advances increased 28.39 per cent to $136.03 billion from $105.95 billion, reflecting continued expansion in its core business.
The bank said its performance was supported by ongoing investments in systems, operations and staff, which improved efficiency and service delivery.
Amid global economic uncertainty, the bank set aside a $500 million provision as part of a prudent risk management strategy, reinforcing its balance sheet.
The board approved an interim dividend of $1.00 per share, a 25 per cent increase over the previous year.
Looking ahead, the bank said it will continue to leverage its strong balance sheet, expand its market presence and pursue strategic partnerships, while maintaining a focus on efficiency and service delivery.
The unaudited financial statements were approved by the Board of Directors on April 15, 2026.
