Guyana Bank for Trade & Industry Ltd. (GBTI)

The Directors have pleasure in submitting their Report and Audited Financial Statements for the year ended 31st
December,2007.

PRINCIPAL ACTIVITIES

The Bank provides a comprehensive range of commercial banking services.

Net Profit After Taxation	$ 795,739,000
Interim Dividend	$ 80,000,000
Transfer to Statutory Reserves	$ 67,701,000
Retained Earnings	$ 568,038,000
Proposed Final Dividend	$120,000,000

The Directors recommend a dividend of $5.00 per share, of which $2.00 per share has already been paid.

After transferring the sum of $67,701,000 to the Statutory Reserve Account, the remaining sum of $568,038,000 was placed to the Retained Earnings Account.

SHARE CAPITAL

The authorised Share Capital for the Bank is $500,000,000 divided into 50,000,000 shares of which 40,000,000 have been issued and fully paid.

At the 19th Annual General Meeting of the Bank the followingpersons retired and were re-appointed Directors of the Bank

In accordance with By Law 94 of the Bank’s By Laws, Mr. Robin Stoby,S.C and Mr. Edward A. Beharry retire from the Board, and being eligible, offer themselves for re-election. In accordance with By Law 97, the Directors appointed Mr. Michael Cummings and Mr. Carlton James to fill casual vacancies. Mr. Micheal Cummings and Mr. Carlton James, being eligible, offer themselves for election.

Deloitte & Touche Chartered Accountants, Member of DTT International – Deloitte, Touché Tohmatsu, retire and being eligible, offer themselves for re-appointment.

The Bank owns 20% of the issued share capital of Guyana Americas Merchant Bank Inc. The principal activity of this associate company is the provision of investment management and advisory services. The Guyana Americas Merchant Bank Inc. operating profit for the year 2007 was $928,000 (2006 - $17,322,000).

The interests of the Directors holding office as at December 31, 2007, in the ordinary shares of Guyana Bank for Trade and Industry Limited were as follows:

	Directors' Interest Beneficial	Directors' Interest Associate’s	Associate’s Interest Beneficial	Associate’s Interest Associate’s
Mr. Robin Stoby, S.C.	Nil	Nil	Nil	Nil
Mr. Edward A. Beharry	Nil	Nil	Nil	Nil
Mr. Inderjeet Beharry	Nil	Nil	Nil	Nil
Mr. Paul Cheong	64,429	32,000	32,000	NIl
Mr. Michael Cummings	Nil	Nil	Nil	Nil
Mrs. Kathryn Eytle-McLean	Nil	Nil	Nil	Nil
Mr. Carlton James	Nil	Nil	Nil	Nil
Mr. Basil D. R. Mahadeo	Nil	Nil	Nil	Nil
Mr. Radhakrishna Sharma	30,000	Nil	Nil	Nil
Mr. John Tracey	Nil	Nil	Nil	Nil

No Director or any associate of the Director has any right to subscribe to equity or debt securities of the Bank.

There are no service contracts between the Bank and any of its Directors or any Director proposed for election at the forthcoming Annual General Meeting.

There were no contracts of significance in which the Directors had material interest.

The Bank leases space in its Regent Street branch building to Guyana Americas Merchant Bank, a Subsidary Company.

The Bank maintains a non-contributory defined contribution pension plan which is administered under the terms of a Trust Deed by North American Life Insurance Company Limited, a wholly owned subsidiary of Edward B. Beharry and Company Limited. The Bank also maintains a non-contributory Group Life and Accidental Death & Dismemberment Plan and Group Health Plan with North American Life Insurance Company Limited.