Demerara Bank Limited increased its net income to $164M for the year ending September 30, 2004 from $154M in 2003.
The Bank's earnings per share increased to 0.36 from 0.34 last year and dividend per share to 0.12 compared to 0.11 in 2003.
Income before taxation increased to $279M from $230.5M in 2003 and net interest and other income to $886.5M from $765M last year.
On the other hand, interest income decreased by over $36M and interest expense to $463M from $522.9M in 2003.
And liabilities and shareholders' equity increased slightly to $15.4B from $14.9B in 2003.
In a breakdown of the liabilities, the end total of deposits, savings and term combined, shows a small increase to $13B from $12.5B in 2003. In the category of 'other liabilities' there was a marginal decrease to $1.1B from $1.3B last year.
A total of shareholders' equity, for share capital, statutory reserve and retained earnings shows a minimal increase to $1.2B from $1.1B in 2003.