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GTBank Releases Q1 2017 Unaudited Results... Reports Profit before Tax of ₦50.39Billion

GTBank Releases Q1 2017 Unaudited Results... Reports Profit before Tax of ₦50.39Billion

Lagos, Nigeria – April, 2017   Guaranty Trust Bank plc has released its unaudited financial results for the quarter ended March 31, 2017 to the Nigerian and London Stock Exchanges.A review of the results shows 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 for the period grew by 39% to ₦104.66billion from ₦75.39billion reported in March 2016; driven primarily by growth in interest income. Profit before tax stood at ₦50.39billion, representing a growth of 64% over ₦30.68billion recorded in the corresponding period of March 2016. The Bank’s loan to customers dipped marginally by 2% from ₦1.591trillion recorded in December 2016 to ₦1.563trillion as at March 2017. Deposit from customers grew marginally by 1% from ₦1.986trillion in December 2016 to ₦2.012trillion in March 2017. The Bank’s balance sheet remained strong with a 1.6% growth in Total Assets... 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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