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GTBank Releases 2017 Half Year Audited Results... Reports Profit before Tax of ₦101.1Billion

GTBank Releases 2017 Half Year Audited Results... Reports Profit before Tax of ₦101.1Billion

Lagos, Nigeria – August, 2017 Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2017 to the Nigerian and London Stock Exchanges. A review of the half year performance, shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for the period grew by 2% to ₦214.1billion from ₦209.9billion reported in the June 2016; driven primarily by growth in investment securities income as well as income from risk assets. Profit before tax stood at ₦101.1billion, representing a growth of 18% over ₦85.69billion recorded in the corresponding period of June 2016.The Bank’s loan book dipped by 6% from ₦1.590trillion recorded as at December 2016 to ₦1.491trillion in June 2017 and customer deposits decreased by 1% to ₦1.966trillion from ₦1.986trillion in December 2016. The Bank closed the half year ended June 2017 with Total Assets and Contingents of ₦3.75trillion... Read More

Appointment of Mr. Babatunde T. Soyoye as an Independent Non - Executive Director of Guaranty Trust Bank plc

Lagos Nigeria – November 15, 2016


Guaranty Trust Bank plc is pleased to notify you of the appointment of Mr Babatunde T. Soyoye as an independent Non-Executive Director of Guaranty Trust Bank plc to fill the vacancy created on the Board by the retirement of Mr Andrew Alli, who was an Independent Non-Executive Director of the Bank. 

Mr. Soyoye is a seasoned professional with over twenty-four (24) years’ work experience, twenty-one (21) of which has been spent in investment/financial advisory services.


He is the co-founder and Managing Partner of Helios Investment Partners LLP, a private investment firm with its principal office in the United Kingdom, formed to pursue alternative asset class investments in Sub-Saharan Africa, specializing in investment in companies, growth capital for private enterprises, restructurings, joint ventures, start-ups and structured investments.


Prior to co-founding Helios Investment Partners, Mr. Soyoye was a Principal responsible for Telecoms & Media investments across Europe for TPG Capital. Before that, he served as a senior member of the corporate strategy team at British Telecom, and manager of business development at Singapore Telecom International.

The approval of the Central Bank of Nigeria has been received for the said appointment.

Enquiries:

GTBank 
Golden Nwaiwu, Investor Relations
+234-1-4484156

Oyinade Adegite,
Communications & External Affairs 
+234-1-2715227This email address is being protected from spambots. You need JavaScript enabled to view it.">

 

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