Guyana Bank for Trade and Industry Limited has a rich history of over 180 years that began with the establishment of the first commercial bank in British Guiana, the Colonial Bank, in May 1836. With over 1,800 shareholders, the majority shareholder of the Bank is Secure International Finance Company Inc. with 61% of the issued shares. Secure International Finance Company Incorporated is a wholly owned subsidiary of Edward Beharry & Company Limited. Both companies are incorporated in Guyana. 

GBTI provides an extensive array of services to its corporate and individual clients through its thirteen (13) countrywide branches. Guyana Bank for Trade and Industry (GBTI)) is the second largest regulated bank in Guyana by asset size.

According to the audited financial statement for the year ended December 31, 2020, the Guyana Bank for Trade and Industry (GBTI) registered a profit of $1.365 billion for 2020, which was down by 7.9% from the 2019 figure of $1.483 billion. According to GBTI’s 2020 Annual Report, while income fell from areas such as commissions and exchange trading, these were offset by improved performances in loans and investments (GBTI 2020 Annual Report). Excess liquidity was prevalent throughout the year as slow economic activity reduced avenues for funds to be deployed. Additionally, Earnings per Share (EPS) decreased from $37.09 in 2019 to $34.15 in 2020 (GBTI 2020 Annual Report). 

Furthermore, according to the 2020 Annual Report, loans were at $41.7 billion at the end of the year having grown by 6%, Non-Performing Loans despite being a drag on performance have trended in a positive direction and deposits increased by 13% to $110 billion from $97 billion in 2019 (GBTI 2020 Annual Report).

In 2021, GBTI’s stock price opened the year at $720 per share. As at the last trading date, November 1, 2021, the price has risen to $800, an eleven percent (11%) appreciation in the stock price for 2021 (GASCI, 2021). 

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