Guyana has a well-established banking sector, consisting of commercial banks, merchant banks, and non-bank financial institutions. These banks offer services ranging from savings and checking accounts to loans, mobile banking, foreign exchange, and business finance.
Major Commercial Banks in Guyana
1. Republic Bank (Guyana) Limited
- One of the largest banks in Guyana.
- Originated from the British Bank of the West Indies.
- Offers retail, corporate, and investment banking services.
- Has multiple branches across the country.
- Known for digital services like RepublicOnline and RepublicMobile.
2. Guyana Bank for Trade and Industry (GBTI)
- Locally owned and operated.
- Offers personal and business banking, mortgages, and agriculture loans.
- Strong presence in rural and interior regions.
- Known for its community involvement and education grants.
3. Bank of Guyana (Central Bank)
- Regulatory authority for all banks and financial institutions.
- Controls monetary policy, foreign exchange, and financial stability.
- Not a commercial bank, but plays a vital role in the financial system.
4. Scotiabank Guyana
- Canadian-owned bank with a long presence in Guyana.
- Offers commercial and retail banking.
- Known for international wire transfers and foreign currency services.
5. Demerara Bank Limited
- 100% Guyanese-owned.
- Offers mobile banking, SME loans, and corporate banking.
- Focuses on local development and energy sector financing.
6. Citizens Bank Guyana Inc.
- Offers a wide range of financial services.
- Strong in small business and retail banking.
- Known for customer service and community outreach.
Other Financial Institutions
- Trust Company (Guyana) Ltd. – Trust services, asset management.
- New Building Society (NBS) – Offers mortgages and savings accounts.
- Hand-in-Hand Trust – Merchant banking, asset and investment management.
Digital and Mobile Banking
- Most major banks offer mobile apps and online platforms.
- Common services:
Balance checks
Transfers and bill payments
Mobile top-ups
E-commerce integration
