Our History: The core foundation of who we are...

The concept of establishing a private-sector bank was first conceived by Dr. Yesu Persaud in the late 1960s. Although the idea was initially put on hold, it was rekindled in 1991, a period marked by increased international openness and the beginning of economic liberalization. Dr. Persaud, with his entrepreneurial acumen and deep economic insight, recognized the need for a truly Guyanese bank. He envisioned a financial institution that would embrace the latest technology, offer export trade finance, and provide high-quality, personalized, and competitive financial products and services, all while playing a pivotal role in driving economic growth.

This marked the beginning of a new chapter in Guyanese history with the launch of the country’s first private-sector indigenous bank. On January 20, 1992, Demerara Bank Limited was officially incorporated with a share capital requirement of $250 million. Dr. Yesu Persaud leveraged his extensive local and international connections from his leadership at Demerara Distillers Limited to garner substantial support, resulting in an offering that was significantly oversubscribed.

The culmination of this visionary effort occurred on November 12, 1994, when Demerara Bank Limited was officially inaugurated by His Excellency Dr. Cheddi B. Jagan, the President of the Cooperative Republic of Guyana at that time.

Today, Demerara Bank serves a broad spectrum of corporate and individual clients, providing a comprehensive range of commercial banking services through its Corporate Office and a network of eight strategically placed branches across the nation. The bank also offers various ATM locations and point-of-sale terminals for enhanced accessibility.

Remaining true to Dr. Yesu Persaud’s original vision, Demerara Bank prides itself on delivering innovative and top-tier banking services. These encompass Savings and Term Deposit Accounts, Residential and Commercial Loans, Foreign Exchange Services, Cambio Services, Visa Debit and Credit Cards, and Internet Banking Services. Notably, Demerara Bank has set an environmentally responsible example by becoming the first commercial institution to power its Corporate Office entirely with solar energy.

In addition to its financial services, Demerara Bank is firmly committed to fulfilling its corporate social responsibilities. The bank actively supports various causes related to sports, education, health, safety, and community development.

Dr. Yesu Persaud’s founding vision continues to guide Demerara Bank and the institution remains dedicated to adapting to the evolving needs of its clients and always striving to deliver superior banking services.

“We are committed to meeting the ever-changing needs of our clientele and to always provide superior banking services.”
– Dr. Yesu Persaud, Founder