demerara bank limited Chief Executive Officer Report for Month of November 2011

Deposits demerara bank limited Deposits (G$‘000) Nov 2011Nov 2010% Inc Savings18,037,25313,622, % Demand3,814,5602,851, % Term9,658,18712,920,147(25.2%) TOTAL31,509,99929,394, % Profit for the month70,18242, % Cumulative Profit for the year234,093304,347(23%)

Advances demerara bank limited Loan and overdraft applications in process –G$514,375,000 Loans approved but not disbursed –G$539,256,120 Advances (G$‘000) Nov 2011Nov 2010% Inc Term Loans5,017,0025,420,614(7.4%) Overdrafts7,540,4395,318, % Total fund based Advances12,557,44110,738, % Other BondsGuarantees ( Non-fund based) 921,6971,791,544(48.5%) Average Yield on Advances (% p.a.)9.71%9.9%(1.9%) Non-Performing Assets372,252299, % Provisions for NPAs308,221268, % Recovery during month %

Investments demerara bank limited Investment (G$‘000) Nov 2011Nov 2010% Inc Treasury Bills100,000300, % Local Bonds & Other Investment226,976 - Overseas12,574,67010,359, % TOTAL12,901,64610,886, % Income on Investment179,31275, % Tax Free Income40,49938,0176.5% Total Tax free income for the current financial year (actual)2 mths + low income GL a/c # ,98674,6359.8% Yield on investment8.19%8.9%

Profitability demerara bank limited (GYD Millions)Nov 2011 Exchange Earnings17.96 Net Interest Income Interest Expense52.4 Yield on Advances9.71% Cost of Funds2.0% Average Advances12.86Bln Investments12.9 Bln New Accounts223 Total Accounts61,313 (GYD Millions)Nov 2011 Amalgamated Operational Profit Main Branch99.28 Rose Hall(10.97) Corriverton(5.72) Anna Regina(3.9) Diamond(5.97) Le Resouvenir(2.54)

Branch Deposits demerara bank limited Rose HallCorrivertonAnna ReginaDiamond Le Ressouvenir Date of openingFeb. 4, 2004Aug. 4, 2008May 25, 2009Feb. 28, 2011Oct. 10, 2011 DepositsG$3.6BG$1.94BG$1BG$210MG$150M Total No. of Accounts held to date 9,1863,8483, Accounts opened Profit/Loss(G$10.97M)(G$5.72M)(G$3.9M)(G$5.9M)(G$2.5M) Cost of Fund2.56%2.39%1.62%2.17%0.29% Non-interest ExpensesG$6.29MG$5.38MG$4.15MG$8.9MG$6.16M

Foreign Currency demerara bank limited PurchasesUSD14.6Million SalesUSD20.4Million Average SpreadGYD 0.85 Trading ProfitGYD17.3Million

Staff Moves demerara bank limited Resignations/Terminations– One(1) Devindra Mahadeo New Staff – Ten(10) Clerical Romana Hublall Nikita Persaud Christina Correia Stefon Marshall Rajkumarie Harrinarine Non-clerical Simone Blackman Anjanie Jaigobin Security Azad Mustapha Linden Marshall Lalbahadur Persaud

Inter Bank Dealings demerara bank limited July 2011 BorrowedLent -800 million Interest Paid:- Interest Received:98, There was no interbank trading for the month of July

Schedule of Investments demerara bank limited BondsUSD 53,174, ,847,662,164 Treasury BillsUSD - - EquityUSD 325, ,441,647 CDs/DCDsUSD 1,000, ,000,000 Money Market A/csUSD 21,024, ,289,039,532 75,525, ,407,143,344 BondsGBP 7,180, ,464,869,999 Treasury BillsGBP - - Money Market A/csGBP ,399 7,180, ,464,919,398 BondsEUR 1,354, ,352,301 T/BillsEUR - - Money Market A/csEUR ,999 1,355, ,492,300 Money Market A/csCAD , ,177 Total Foreign InvestmentsUSD 84,061, ,148,587, Type ValueGYD BondsGYD 200,000,000 Treasury BillsGYD 100,000,000 EquityGYD 26,976,333 Total Local Investments GYD 326,976,333 Total InvestmentsUSD 85,664, ,475,563,551 Liquidity Analysis %GYD Short Term 264,559,702,754 Long Term 74 12,915,860, ,475,563,551

Schedule of Investments demerara bank limited USD GYD % of Portfolio Caribbean Exposure 27,253,1085,559,633, Indian Banks -Bonds 9,630,2001,964,560, Europe 9,730,5001,985,022, UK Banks 7,716,9851,574,264, Brazil 5,591,4251,140,650, USA 1,788, ,752,

eBanking demerara bank limited eBanking2,344 Users These services are all offered free.

ATM/Point of Sale demerara bank limited ATM Location Value (G$) Debits Amount of Transactions Value (G$) Credits Amount of Transactions Camp Street109,972,5009,51512,057, City Mall38,659,0003,578 DDL Diamond15,129,0001,184 Diamond Branch29,395,5002,4052,696, Rose Hall15,931,0001,319 Corriverton10,333, ,00035 Anna Regina7,880, ,00012 Charity Mall433,00037 Le Ressouvenir13,145, ,817,62864 ATM Total240,879,00020,40117,672, POS Total1,172, Grand Total242,051,95620,52217,672,839780

Mobile POS demerara bank limited We have received fifty(50) mobile Point-of-Sale Terminals and the legal agreement for the supply of the wireless terminals is being examined.Once we finalise same (which we hope to do as quickly as possible), we can enter into the agreement with merchants and provide them with thenew machines.We have worked out an exclusive marketing strategy for the wireless POS terminals which will be executed once we give the machines to the merchants.

Visa demerara bank limited We are still trying to get the VISA Associate Membership from either RBTT or Bank of Baroda.The two organizations being large, takes a long time for approval / disapproval.

Guyana demerara bank limited Elections 2011 are over and the new Government has taken its place but the ruling party do not have adequate majority in Parliament.The minority Government will have to work in close co-ordination with other parties to get the Budget passed and other regulations and bills approved.

Interest Income demerara bank limited Interest Inc (Adv)Interest Inc (Inv)Total Interest IncomeInterest ExpenseNet Interest income Oct90,043102,81872,98489,436163,027192,25477,40651,31785,621140,937 Nov91,025104,11380,44688,056171,472192,16973,90952,43097,562139,738 Dec96,270-78, ,151-68, ,658- Jan121,844-86, ,954-57, ,510- Feb90,420-79, ,001-58, ,988- Mar99,169-59, ,729-58, ,157- Apr101,226-79, ,060-58, ,264- May84,841-91, ,319-60, ,884- Jun86,139-96, ,570-56, ,334- Jul108, , ,104-57, ,102- Aug101,254-83, ,363-57, ,220- Sep106,704-58, ,352-49, ,915- Tot1,177,625206,931977,476177,4912,155,101384,422732,885103,7481,422,216280,675 Avg98,135103,46581,45688,746179,592192,21161,07451,874118,518140,337

Interest Spread demerara bank limited Avg Interest (Adv)Avg Interest (Inv)Avg Interest ExpAvg Spread (Adv)Avg Spread (Inv) Oct10.35%10.02%8.57%8.41%3.25%2.00%7.10%8.02%5.32%6.41% Nov9.93%9.71%8.87%8.19%3.02%2.00%6.91%7.71%5.85%6.19% Dec10.45%-8.33%-2.82%-7.63%-5.51%- Jan13.43%-8.60%-2.46%-10.96%-6.14%- Feb9.98%-7.76%-2.42%-7.56%-5.34%- Mar10.62%-6.25%-2.44%-8.19%-3.82%- Apr10.48%-8.46%-2.40%-8.08%-6.06%- May8.85%-8.08%-2.31%-6.54%-5.77%- Jun8.95%-8.55%-2.06%-6.89%-6.49%- Jul11.24%-9.45%-2.13%-9.11%-7.32%- Aug10.18%-6.86%-2.20%-7.98%-4.66%- Sep10.42%-5.77%-1.99%-8.44%-3.78%- Tot124.88%19.73%95.56%16.60%29.50%4.00%95.38%15.73%66.06%12.60% Avg10.41%9.86%7.96%8.30%2.46%2.00%7.95%7.86%5.51%6.30%

Exch Gain & Commissions demerara bank limited ExchangeComm & Other Income Oct14,63625,401173,17710,634 Nov 19,63617,95715,06310,673 Dec 27,509-5,458- Jan 17,828-2,776- Feb 19,760-6,191- Mar (86,700)-7,961- Apr 128,566-7,925- May 16,498-36,292- Jun 11,981-8,977- Jul 42,386-8,331- Aug 13,914-8,598- Sep 1,890-11,863- Tot227,90343,358292,61121,307 Avg18,99221,67924,38410,654

Balances demerara bank limited AdvancesInvestmentsDeposits Oct 10,44312,31710,21612,75728,57730,758 Nov 10,99912,86610,88712,90229,39431,510 Dec 11,057-11,359-29,114- Jan 10,891-12,016-27,985- Feb 10,871-12,303-28,733- Mar 11,203-11,429-28,850- Apr 11,587-11,321-29,391- May 11,500-13,583-31,404- Jun 11,556-13,538-32,803- Jul 11,606-14,023-32,152- Aug 11,937-14,531-31,114- Sep 12,285-12,199-29,879- Tot135,93325,182147,40625,658359,39762,268 Avg11,32812,59112,28412,82929,95031,134

Admin Expenses demerara bank limited Staff CostsAdministration CostsPrem & Vehicle ExpNet Profit Provision0-JanProvision10-11 Oct(4,214)(3,861)12,341-9,851-3,9387,071261,370163,910 Nov76,94178,4129,393-13,674-3,0476,10042,88070,182 Dec21,054-14, , ,425- Jan19,072-11, , ,593- Feb17,434-9, , ,613- Mar20,507-12, ,298-(17,278)- Apr20,314-10, , ,628- May20,562-17, , ,305- Jun20,742-9, , ,803- Jul25,630-8, , ,847- Aug24,111-13, , ,022- Sep48,079-58, ,787-17,644- Tot310,23474,551187,956-23,525-54,68913,1711,389,852234,093 Avg25,85337,27615,663-11,763 4,5576,585115,821117,046

demerara bank limited Chief Executive Officer