Citizens Bank posts over $2B in profit for 2024

Citizens Bank Guyana Inc., a 51 per cent subsidiary of Banks DIH Limited, recorded an after-tax profit of $2.244 billion in 2024, up from $1.946 billion in 2023—an increase of $298 million or 15.3 per cent.

These results underscore Citizens Bank’s strong performance and continued growth in 2024.

The profit before tax rose by $500 million or 15.3%, reaching $3.764 billion compared to $3.246 billion the previous year. This was revealed in the Banks DIH’s 2024 financial report, titled “The Journey to Success.”

The report revealed that the bank also generated revenue of $7.065 billion, reflecting a significant growth of $1.466 billion or 26.18% compared to the $5.599 billion recorded in 2023. Net interest income stood at $5.515 billion.

Earnings per share were reported at $37.71, while the total asset base expanded to $130.6 billion. Loan assets increased by 15.6% or $8.1 billion, rising from $52.0 billion to $60.1 billion.