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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

Clickatell honours GTBank with CIT Excellence Award.

 

22nd November, 2013   

 

GTBank, one of Nigeria’s foremost banking institutions, has been awarded the first Nigerian Connect. Interact. Transact (CIT) Excellence Award in honour of its continued commitment to banking excellence within the African mobile banking and mobile money market place.

 

The award was instituted by Clickatell, a global leader in the development of mobile messaging and transaction services, to recognize her partners who have shown exceptional growth within their industry sectors, using the Clickatell Connect. Interact. Transact product offering.

 

With the launch of its ground-breaking mobile banking and mobile money apps, GTBank has answered the need for mobile banking solutions for many Nigerians. This has proven highly successful since its introduction in December 2012. 

 

Clickatell’s prepaid airtime offering has enabled GTBank’s customers to easily and conveniently top up theirs or someone else’s account using GTBank’s pioneering mobile banking and mobile money apps.

 

Johan De Lange - EVP of Mobile Messaging at Clickatell explained that ” GTBank has consistently led the way in implementing innovative service offerings that have provided its customers with access to financial solutions that impact their lives in a meaningful way. Clickatell is proud to be a supplier and partner to GTBank.

 

 

Source: www.nigeriacomunicationsweek.com.ng

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