Banks DIH

Stock performance

History

Banks DIH was formed in 1969 by businessman and politician Peter D'Aguiar, combining his family's trading and beverage businesses, whose roots go back to the 19th century, with Banks Breweries. It grew into one of Guyana's largest consumer-goods conglomerates.

Business model

Banks DIH brews Banks Beer, produces rum, soft drinks, and water, runs bakeries and quick-service restaurants, and has interests in distribution and financial services, including a stake in Citizens Bank Guyana.

Market position

Banks DIH is one of the largest locally owned companies in Guyana and the leading brewer in the country.

Country impact

As a major employer and consumer-goods supplier, Banks DIH has benefited from the surge in incomes and spending that followed the start of oil production, while facing growing competition from imported products.