Suriname’s Hakrinbank has demonstrated robust financial health in its 2024 fiscal year, achieving a net profit of SRD 438 million while significantly strengthening its capital position. The institution’s solvency ratio climbed to 22.3%, substantially exceeding the minimum requirement set by the Central Bank of Suriname.
The solvency ratio, which measures a bank’s capital adequacy and financial buffer capacity, showed notable improvement from its 2023 level of 20.3%. Shareholders unanimously approved the 2024 financial statements during Monday’s general meeting, reflecting confidence in the bank’s strategic direction.
CEO Rafiek Sheorajpanday attributed this success to the bank’s sustained investments in human resources, digital transformation, governance frameworks, and risk management systems. The core banking business experienced substantial growth alongside an expanding credit portfolio, with positive trends continuing into 2025 and 2026 according to management forecasts.
Financial Director Coenraad Valk confirmed the accuracy of previous projections, noting that the credit business recovery was driven by increased investment activity and improved margins. Board Chair Sharmila Jadnanansing highlighted four strategic priorities guiding the bank’s oversight: good governance, financial strength, human capital development, and digital advancement.
A significant development occurred with the reduction of the Surinamese government’s shareholding in Hakrinbank, which resulted in substantial oversubscription during the share sale—a strong market endorsement of the bank’s future prospects. This move also ensures compliance with the country’s Banking and Credit Supervision Act.
The shareholders approved the reappointment of commissioners Simone Oostwijk and Montague McLeod, while welcoming new commissioners Amisha Dewdath and Veditam Bishoen, pending regulatory approval from the Central Bank.
On the commercial front, Deputy Director Claire Wydh announced continued digitalization investments, including enhancements to the mobile banking application and the November 2025 pilot launch of a corporate banking platform. The Mopé application is undergoing customer-experience based improvements. Additionally, Hakrinbank joined other local financial institutions in signing a sustainability protocol for inclusive financing on February 20.
As the bank approaches its 90th anniversary this year, it emphasizes its historical role as Suriname’s premier business bank. The 2024 annual report underscores the institution’s commitment to digital innovation and service simplification.