demerara bank limited Chief Executive Officer Report for Month of December 2009

Deposits demerara bank limited Dec 2009Dec 2008% Inc Savings9,837,2607,473,31832% Demand2,377,6951,841,69830% Term15,665,14813,719,96415% Due to Banks365,976405,779- TOTAL28,246,07923,440,75921% Profit for the month77,44675,2733% Cumulative Profit for the year230,048204,02013%

Advances demerara bank limited Loan and overdraft applications in process –G$308.7 Million Loans approved but not disbursed -G$ Million Dec 2009Dec 2008% Inc Term Loans4,703,4933,921,79720% Overdrafts4,588,5764,402,3375% Total fund based Advances9,292,0698,324,13412% Other Bonds/Guarantees ( Non-fund based)2,072,3342,136,346(3%) TOTAL11,364,40310,460,480(9%) Average Yield on Advances (% p.a.)11.19%10.9%- Non-Performing Assets315,351704,295(56%) Provisions for NPAs490,216715,438(32%) Recovery during month4,

Investments demerara bank limited Dec 2009Dec 2008% Inc Treasury Bills100,000350,000(71%) Local Bonds & Other Investment226,976228,030- Debenture of GOG96,208 - Overseas15,604,60613,914,29612% TOTAL16,027,79114,588,53410% Income on Investment86,08468,15026% Tax Free Income48,738166,120(71%) Total Tax free income for the current financial year (actual) – 3 mths 132,112650,000(80%) Yield on investment6.4%5.6%-

Profitability demerara bank limited (GYD Millions)Dec 2009 Exchange Earnings17 Net Interest Income89.87 Interest Expense82.86 Yield on Advances11.19% Cost of Funds3.52% Average Advances9.29 Bln Investments16 Bln New Accounts350 Total Accounts48,918 (GYD Millions)Dec 2009 Amalgamated Operational Profit 77.4 Main Branch89.2 Rose Hall(8.28) Corriverton(2.4) Anna Regina(1.0)

Foreign Currency demerara bank limited PurchasesUSD23.00Million SalesUSD25.00Million Average SpreadGYD 0.54 Trading ProfitGYD13.36Million

Inter Bank Dealings demerara bank limited December 2009 BorrowedLent 310 Million5.3 Billion Interest Paid:G$114,658:- Interest Received:G$868,151:-

Branch Deposits December 2009Rose HallCorrivertonAnna Regina Date of openingFeb. 4, 2004Aug. 4, 2008May 25, 2009 DepositsG$1.96 BG$706 MG$238 M Total No. of Accounts held to date7,1701,9181,288 Accounts opened for Dec Profit/Loss for Dec 2009(8.3M)(2.4M)(1M) Cost of Fund3.61%2.64%0.94% Non-interest Expenses8.8M6M3.9M demerara bank limited

Schedule of Investments demerara bank limited Type ValueGYD Foreign Bonds USD 28,539, ,822,071,699 Treasury Bills USD 2,928, ,359,000 Equity USD 325, ,441,647 CDs/DCDs USD 1,000, ,000,000 Money Market A/cs USD 37,898, ,731,195,105 70,691, ,421,067,450 BondsGBP 3,176, ,910,460 Treasury BillsGBP 879, ,350,000 Money Market A/csGBP ,899 4,055, ,419,359 BondsEUR 1,730, ,022,075 T/BillsEUR -- Money Market A/csEUR 15, ,097,023 1,745, ,119,098 Total Foreign InvestmentsUSD 76,493, ,604,605,908 Type ValueGYD Local BondsGYD 296,208,000 Treasury BillsGYD 100,000,000 EquityGYD 26,976,333 Total Local Investments GYD423,184,333 Total InvestmentsUSD78,567, ,027,790,241 Liquidity Analysis %GYD Short Term 558,781,601,674 Long Term 457,246,188, ,027,790,241

Schedule of Investments demerara bank limited Caribbean Exposure USD GYD % of Portfolio GOJUSD 5,621, ,146,704, GOTTUSD 1,860, ,455, GOBUSD 10,170, ,074,690, GOSLUSD 198, ,560, GOTCIUSD ,850, ,641,409, Indian Banks -Bonds BOBUSD 2,223, ,648, SBOIUSD 3,106, ,660, ICICIUSD 3,445, ,795, CanaraUSD 341, ,742, BOIUSD 1,244, ,776, UTIUSD 979, ,823, RabobankUSD 249, ,959, ,590, ,364,404, UK Banks HSBC BondGBP 2,099, ,355, Barclays BondGBP 1,076, ,555, Banco Do BrazilUSD 308, ,944, Republic of Brazil USD 193, ,535,

Staff Moves demerara bank limited Resignations/Terminations Ms Loriza Nagreadie – Credit – Migration Mr Riaz Allie – Foreign Trade Mr Ryan Kawall – Savings/DDA – Study Mr Shawn Gurcharran – Manager – PR & Operations New Staff

eServices demerara bank limited First Facts73 Companies166 Accounts Telebanking285 Users eBanking1,618 Users These services are all offered free.

ATM/Point of Sale demerara bank limited LocationValue (G$) Amount of Transactions ATM Debits Camp Street 101,560,0006,346 Guyoil, Regent St 49,757,5004,241 City Mall 34,970,5002,888 Diamond 43,946,0002,992 POS Debits 2,698, ATM Credits Camp Street 20,886, TOTAL 253,819,07817,548

Branch Expansion demerara bank limited Diamond Branch Phase 2 of our Diamond Branch is in process. In recent weeks, the contractor has picked up the pace of work at the site resulting in visible improvement. They have already cast slab for ground floor creating beam and column structure for second floor. Phase 2 is likely to be completed by April Regular visits are done to the site to check the progress.

Training demerara bank limited Diamond Branch As part of our Human Resource development, we have started a Credit Management Training Program for grooming of Credit Officers in the Bank.The Training Program is a very comprehensive one comprising of all major operational areas.The program may run for two weeks duration.

Interest Income demerara bank limited Interest Inc (Adv)Interest Inc (Inv) Total Interest IncomeInterest ExpenseNet Interest income Oct73,83078,95672,22158,921146,050137,87874,89680,73371,15457,144 Nov71,539118,26461,47185,233133,010203,49771,54277,84461,468125,653 Dec75,43286,65368,15086,084143,581172,73774,82882,86368,75389,874 Jan85,947-72, ,492-82,230-76,262- Feb73,368-60, ,887-70,229-63,657- Mar72,314-95, ,492-75,556-91,936- Apr74,796-72, ,294-75,826-71,468- May77,426-74, ,223-75,911-76,312- Jun68,271-73, ,211-73,184-69,028- Jul101,175-62, ,671-79,696-83,975- Aug77,151-64, ,417-78,943-62,473- Sep92, , , ,093-36,532- Tot1,168,282283,873892,671230,2382,060,954514,1111,002,933241,4401,058,021272,671 Avg97,35794,62474,38976,746171,746171,37083,57880,48088,16890,890

Interest Spread demerara bank limited Avg Interest (Adv)Avg Interest (Inv)Avg Interest ExpAvg Spread (Adv)Avg Spread (Inv) Oct10.93%10.34%7.67%4.48%3.94%3.83%6.99%6.51%3.73%0.65% Nov10.72%15.41%5.36%6.39%3.76%3.57%6.96%11.84%1.60%2.82% Dec10.89%11.19%5.61%6.44%3.82%3.52%7.07%7.67%1.79%2.92% Jan12.57%-6.23%-4.21%-8.36%-2.02%- Feb10.66%-5.70%-3.65%-7.01%-2.05%- Mar10.38%-7.41%-3.83%-6.54%-3.58%- Apr10.56%-5.96%-3.91%-6.65%-2.05%- May10.53%-5.98%-3.97%-6.56%-2.02%- Jun9.36%-5.84%-3.67%-5.68%-2.16%- Jul13.51%-4.87%-3.98%-9.53%-0.90%- Aug10.61%-4.89%-3.84%-6.76%-1.04%- Sep12.07%-8.77%-8.20%-3.87%-0.57%- Tot162.27%36.94%74.28%17.32%50.78%10.92%111.49%26.02%23.50%6.39% Avg13.52%12.31%6.19%5.77%4.23%3.64%9.29%8.67%1.96%2.13%

Exch Gain & Commissions demerara bank limited ExchangeComm & Other Income Oct31,78320,52110, Nov16,12225,3765,2066,356 Dec32,55017,1837,2107,477 Jan1,810-7,274- Feb29,781-8,544- Mar(29,248)-6,862- Apr19,596-6,477- May27,492-8,507- Jun18,345-7,819- Jul30,692-9,407- Aug54,114-7,309- Sep66, ,113- Tot299,44163,08095,72214,799 Avg24,95321,0277,9774,933

Balances demerara bank limited AdvancesInvestmentsDeposits Oct8,1069,16311,29215,76822,78925,281 Nov8,0119,20713,76716,01022,83626,151 Dec8,3159,29214,58916,02823,52328,246 Jan8,208-13,976-23,441- Feb8,258-12,743-23,100- Mar8,363-15,414-23,662- Apr8,497-14,593-23,245- May8,823-15,003-22,967- Jun8,755-15,206-23,907- Jul8,987-15,390-24,048- Aug8,730-15,785-24,641- Sep9,153-15,683-24,896- Tot102,20427,662173,44047,807283,05579,678 Avg8,5179,22114,45315,93623,58826,559

Admin Expenses demerara bank limited Staff CostsAdministration CostsPrem & Vehicle ExpNet Profit Provision0-JanProvision Oct(13,421)24410,214-7,738-4,2563,769112,87966,880 Nov52,84654,1238,476-13,666-3,8113,87417,66485,721 Dec16,63218,67013,026-14,723-3,5833,69475,27377,446 Jan15,940-14, ,295-50,223- Feb14,865-5, ,970-78,477- Mar16,043-9, ,254-39,758- Apr16,553-8, ,034-69,271- May17,492-7, ,165-84,640- Jun19,359-16, ,307-55,423- Jul23,188-4, ,962-92,873- Aug17,047-6, ,378-95,614- Sep36,834-18, , ,700- Tot233,37873,037123,479-36,127-48,53111,3381,047,796230,048 Avg19,44824,34610,290-12,042 4,0443,77987,31676,683

demerara bank limited Chief Executive Officer