Incorporation

Demerara Bank Limited was incorporated on January 20, 1992 as a private limited liability company under the provisions of the Companies Act, Chapter 89:01 and was licensed to carry on the business of Banking on October 31,1994. The Bank obtained its Certificate of Continuance on April 2, 1997 in accordance with the Companies Act 1991. The Bank offers a complete range of banking and financial services and operates under the Provisions of the Financial Institution Act (Act 1 of 1995).

Corporate Objectives

  • To help build a stronger, healthier more diverse business sector through prudent investment, attractive deposit plans and innovative lending policies.

  • To provide the financial support that will demonstrate the bank’s commitment to business development and to a better Guyana.

  • To provide a diversified range of quality financial services through our Correspondent Bank.

  • To provide employees with excellent opportunities for personal growth and development.

  • To provide investors with and attractive rate of return on their investment.

  • To be a responsible corporate citizen

Financial Indicators as at 31st December, 2023

1.    Capital Adequacy:

DBL

1.1  Qualifying Capital / Risk-weighted Assets

19.25%

1.2  Tier I Capital / Risk-weighted Assets

17.79%

1.3  Tier II Capital / Risk-weighted Assets

0.0%

1.4  Capital and Reserves / Total Assets

12.53%

2.     Lending to connected parties:

2.1   Related Party Loans / Gross Loans

6.71%

2.2   Related Party Loans / Capital Base

21.74%

2.3   Director Exposure / Related Party Loans

0.00%

3.     Asset Composition:

3.1   Business Enterprises Loans / Gross Loans

10.35%

3.2   Agriculture Loans / Gross Loans

17.80%

3.3   Mining and Quarry Loans / Gross Loans

1.45%

3.4   Manufacturing Loans / Gross Loans

8.11%

3.5   Services Loans / Gross Loans

21.91%

3.6   Households Loans / Gross Loans

5.10%

3.7   Top 20 Borrowers Exposure / Total Exposure

51.06%

3.8   Top 20 Borrowers Exposure / Capital Base

165.47%

4.     Asset Quality:

4.1   Non-Performing Loans / Gross Loans

Nil

4.2   Non-Performing Loans / Gross Assets

Nil

4.3   Non-Performing Loans net of reserve for loan losses / 

        capital  and reserves

Nil

4.4   Non-Performing Loans / Capital and Reserves

Nil

4.5   Reserve for Loan Losses / Non-Performing Loans

Nil

4.6   Total On-balance Sheet Assets / Capital and Reserves

447.90%

4.7   Gross Loans / Deposits

52.25%

4.8   Gross Loans / Gross Assets

43.84%

4.9   Risk-weighted Assets / (on-plus off-balance sheet assets)

132.98%

4.10 Contingent Liabilities / Gross Assets

6.43%

4.11 Reserve for Loan Losses / Gross Loans

0.11%

5.      Earnings and Profitability:

5.1    Return on Assets

3.58%

5.2    Return on Equity

28.60%

5.3    Net Interest Income / Operating Income

76.00%

5.4    Non-Interest Income / Operating Income

7.70%

5.5    Operating Expenses / Operating Income

33.00%

5.6    Foreign Exchange Gains / Operating Income

7.70%

5.7    Interest Expense / Interest Income

11.03%

5.8    Non-interest Income / Operating Expenses

44.16%

5.9    Personnel Expenses / Operating Expenses

50.89%

5.10  Earning Assets / Average Total Assets

61.96%

5.11  Non-Interest Expenses / Operating Income

23.58%

5.12  Personnel Expenses / Non-interest Expenses

71.23%

5.13  Net Operating Income / Average Total Assets

0.89%

5.14  Operating Expenses / Average Total Assets

0.44%

6.      Liquidity:

6.1    Interest Expense / Average Earning Assets

0.20%

6.2    Net Interest Income / Average Earning Assets

1.64%

6.3    Liquid Assets / Gross Assets

17.64%

6.4    Liquid Assets / Total Demand and Time      

         Liabilities

48.65%

6.5    Deposits / Gross Loans

191.38%

6.6    Deposits / Earning Assets

134.23%

6.7    Deposits / Gross Assets

83.91%