-opens first-ever bank on East DemeraraJust 17 years after opening its doors and becoming the country’s fully-owned indigenous bank, Demerara Bank Limited (DBL) has amassed a whopping $984M in profits,NCAA Football Jerseys, its highest to date.According to officials yesterday,NFL Jerseys From China, the bank’s deposit base grew 4.5 per cent to be at an all-time high of $30.2B while investments have increased by 26% to $12.5B. Loans and advances jumped by 21 per cent.Demerara Bank’s financial year was from October 1,Cheap NFL Jerseys China, 2010 to September 30,China NBA Jerseys, 2011.The net profit of $984M would represent a 15% increase over the previous year.According to a senior manager, the fact that DBL is the only fully-owned Guyanese bank and the “youngest” of the commercial banks in the country and almost reached a billion dollars in profit, is an outstanding achievement.The year would also mark another milestone–the opening of two branches- a $460M one at Diamond, East Bank Demerara,Wholesale China Jerseys, and another last month at Le Ressouvenir, East Coast Demerara.Demerara Bank has opened the first even bank on the East Coast of Demerara- that is –between Georgetown and Rosignol.The Le Ressouvenir branch is the first and only bank on the East Coast of Demerara.Interest earned on income over the financial year totaled $2.2B, representing interest earned on both loans and advances and investments. This was compared to previous year figures of earned interest totaling $1.9B.The solid performance over the last financial year was also due to its focus on training,Soccer Jerseys China, the bank official said.“Our major assets are our human assets. We continue to provide training at all levels at the bank which will take us to greater heights in the future with an expanded network of branches.”Demerara Bank opened for business on October 31, 1994 and has five branches countrywide.