GUARANTY Trust Bank plc (GTBank) in its released audited financial results for the period ended June 30, 2018, has reported profit before tax of N109.6 billion, representing a growth of 8.4 per cent over N101.1 billion recorded in the corresponding period of June 2017.
A review of the GTBank results indicated positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria.
Gross earnings of GTBank for the period grew by 5.9 per cent to N226.6 billion from N214.1 billion reported in June 2017, while the Bank’s Loan Book dipped by 10.8 per cent from N1.449 trillion recorded as at December 2017 to N1.293 trillion in June 2018.
Further look into the result of GTBank showed that customers’ deposit grew by 10.0 per cent to N2.269 trillion from N2.062 trillion in December 2017.
The balance sheet of GTBank remained strong with a 5.9 per cent growth in Total assets as the Bank closed the period ended June 2018 with Total Assets of N3.549 trillion and Shareholders’ Funds of N497.1 billion.
Commenting on the financial results, the Managing Director/CEO of GTBank plc, Mr Segun Agbaje, said; “In spite of declining yields and the challenges in the operating environment, we have delivered a decent half year result. The quality of this result is built on the strength of our businesses as well as the success of our digital-first customer-centric strategy in delivering financial services that are simpler, cheaper and more valuable to our customers’ everyday lives.”
ALSO READ: Court bars police from inviting, arresting, detaining Senate President over Offa bank robbery
The GTBank MD/CEO further stated that “We will continue to focus on consolidating our leading position in all the economies in which we operate by staying committed to building a business that is both nimble and efficient whilst strengthening relationships with our customers and creating business platforms that provide them with additional benefits beyond banking.”
"the suspect allegedly exploited this false identity to promote a fictitious Police recruitment exercise, fraudulently…
To measure and ensure compliance with the directive in the FCT, an NHIA Assessment/ Enforcement…
"Justice Paul Apollos was not only an accomplished legal mind but also a close friend…
“This document represents our promise to carry along the interests of our people and to…
He specifically charged the traditional rulers of the three towns to give peace a chance…
"Ogun State is promoting Cassava, Rice, Cocoa, Oil Palm and Timber while nine Local Government…
This website uses cookies.