www.gtbank.com

Media Centre
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

The National Water and Electricity Company (NAWEC) in collaboration with GTBank Gambia LTD Tuesday launched the NAWEC Cash Power Vending on GTBank ATMs at the bank’s Kololi Branch.


7th November, 2013

The new innovation which is the first of its kind in The Gambia and 2nd in West Africa after Nigeria is meant to enhance easy purchasing of cash power at various GTBank ATM machines across the country.

 

In his official launching statement, the NAWEC managing director, Ebrima Sanyang noted that the new system would give value to services, as well as make life easy for NAWEC customers .

 

Sanyang recalled the longstanding partnership between NAWEC and GTBank which, he said started in 2008. He disclosed that the two institutions have agreed on an investment agreement of one million dollars to build one of the biggest and primary sub-stations for the expansion and distribution of electricity in the country. 

 

He added that this partnership happens as a result of the conducive environment in the country under the dynamic leadership of President Jammeh. “This is a service that is going to be available for 24 hours,” he confirmed, while imploring on NAWEC and GTBank customers to start buying ATM cards in order to be able to  purchase cash power through the new innovation. 

 

The NAWEC managing director commended PURA,  de¡scribing them as a regulator that  strives to uphold fairness and  provides equal opportunities for all service providers.

 

The managing director of GTBank, Olufemi Omotoso, reaffirmed his bank’s commitment to serving Gambians, noting that they would continue to be at the forefront of technology. He told the gathering that the bank would add 5 more ATMs  to the existing  17 machines to facilitate easy purchasing of  cash power across the country.

 

“As we launch the GTBank-NAWEC cash power ATM vending solution, I would like to take the opportunity to express how grateful we as a bank are to NAWEC for choosing us as a partner to make life easier for our customers and Gambians at large in this financial inclusion initiative,” he stated. 

 

Omotoso thanked the government of the Gambia  and the Central Bank for  the business friendly environment in the  country  creating a brighter future for banking , as well as more customer friendly alternative channels in the country. “The good thing is that our customers can now use all the 17 points to buy cash power at any convenient time and without a need to go through the stress of queuing,” he said.

  

For his part, Abdoulie Jobe, the managing director of PURA hailed the robust partnership between the two institutions, admitting that the new innovation would help make life easy for NAWEC customers in purchasing cash power.

 

“One of the most attractive aspects of this service is the price and the connectivity and we are very much convinced and satisfied by the submission of the two institutions,” he noted. Jobe stressed the need for the two institutions  to continue working together  for economic advancement.

 

 

 

GT COMMUNITY

 

  • N
  • $7.59
    +16.06%