August 15, 2024
Demerara Bank brings innovative financing, same day approvals to Building Expo 2024
Demerara Bank brings innovative financing, same day approvals to Building Expo 2024 Demerara Bank Limited is excited to announce its participation in Building Expo 2024. The bank will present a variety of innovative services and interactive features at its booth, located in The One Guyana Tent, second booth upon entering the middle row. Visitors can […]
May 2, 2024
Demerara Bank reports taxed profit of $2.154B
…announces expansion of services Demerara Bank Limited has reported a massive 41 per cent increase of its Profit After Taxation during the 2024 interim period – a testament to its well-crafted and timely execution of key strategies which it plans to further enhance through the expansion of services being offered. The bank’s interim results for […]
April 17, 2024
‘‘WE LIFT 4’’ initiative gets $9M in corporate support
…250 women-led businesses to be showcased this weekend As the ‘WE LIFT’ initiative embarks on its 4th year journey, several major corporations including Nation’s Incorporated, ExxonMobil, Demerara Bank, ENET, IDB, Banks DIH, and GTT have generously sponsored substantial amounts to support its upcoming women’s expo 4 this weekend. Together, they have contributed some $9 million […]
December 23, 2023
Dowlat Parbhu named new CEO of Demerara Bank
Demerara Bank Limited, the country’s lone indigenous bank has announced the appointment of Dowlat Parbhu as the bank’s new Chief Executive Officer (CEO), effective January 1, 2024. Parbhu will be taking over from Pravinchandra Dave who will be retiring at the end of this year. Demerara Bank Limited has been in existence for 29 years. […]
March 22, 2023
Gov’t, Demerara Bank launch $900m forestry revolving fund
The Government of Guyana in collaboration with Demerara Bank Limited (DBL) yesterday officially launched the $900 million revolving fund for the forestry sector, aimed at boosting small- and medium-scale logging operations in a sustainable environment. The Government of Guyana is contributing $300 million, while DBL will provide the remaining $600 million. “It is significant that […]
February 25, 2023
Demerara Bank providing special loans to fire-affected Parika market vendors
Demerara Bank on Wednesday announced that it is granting special loans to those vendors whose businesses were gutted by the recent fire at the Parika market, East Bank Essequibo (EBE). The special loans being offered by the bank are concessional loans which, essentially, offer the vendor more favourable terms than they would normally get. And […]
July 15, 2022
Sod turned for Demerara Bank’s $150m Leonora branch
Demerara Bank Limited is now poised to begin the construction of its $150 million Leonora, West Coast Demerara (WCD) location and according to its Chief Executive Officer (CEO), the bank will be offering its full range of services. The sod was turned yesterday by CEO Pravinchandra Dave and Chairman Komal Samaroo along with President Irfaan […]
May 31, 2022
Demerara Bank’s game-changing loan plan to slash rice farmers’ woes
A new farmers’ credit line programme, offered by Demerara Bank Limited, promises to slash many of the woes rice farmers face in accessing much-needed finance to expand production or withstand disastrous events within the agricultural sector. The new loan programme was launched on Monday at Demerara Bank’s Mahaica branch after consultations with the local farming […]
