Suriname’s leading financial institution, De Surinaamsche Bank N.V. (DSB), has announced a substantial dividend distribution of SRD 160 million to shareholders during its recent General Assembly meeting. This decision coincides with the bank’s landmark 160th anniversary celebrations and follows an exceptionally profitable fiscal year in 2024.
The bank reported impressive financial results, achieving a net profit of SRD 546.3 million for the year ending 2024. DSB’s equity capital demonstrated robust growth, climbing to SRD 3.7 billion, while its solvency ratio strengthened significantly to 27.2%, up from 24.2% recorded in 2023.
During the assembly, management highlighted substantial improvements in operational frameworks implemented over the past 24 months. The bank has successfully enhanced its supervision protocols, governance structures, risk management systems, compliance measures, and financial reporting capabilities. Notably, DSB has produced four consecutive IFRS-compliant annual financial statements, positioning the institution to achieve its target of reporting within six months after the balance sheet date starting from 2026.
Corporate governance developments included the reappointment of two members to the Board of Commissioners and the nomination of a new board member, pending regulatory approval from the Central Bank of Suriname. Additionally, shareholders endorsed the nomination of Raveen Koelfat as Director in the capacity of Chief Commercial Officer. Upon central bank approval, this appointment will expand the bank’s directorate team to four members.
The Board of Commissioners and executive leadership expressed profound appreciation for management and staff contributions while acknowledging the continued trust from shareholders, clients, business partners, and regulatory authorities. DSB reaffirmed its commitment to building upon its solid foundation and clear strategic direction to further strengthen its market position in the coming years.