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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

GTBank Gambia donates Ebola sanitizers to Health Ministry

October 8, 2014

Guaranty Trust Bank last Thursday donated several cartons of Ebola sanitizers worth D100,000 to the Ministry of Health and Social Welfare at a presentation ceremony, held at the conference hall of the Ministry at the Quadrangle in Banjul.

The donation of the sanitizers will serve as a welcome boost to the Health Ministry, as the government of The Gambia continues to fight tirelessly against the entry of the disease into the country.

Since March 2014, over 3,000 people have died because of the Ebola virus throughout the West African countries of Guinea, Sierra Leone, Liberia and Nigeria. In addition to the enormous and tragic loss of human life, the Ebola epidemic is having devastating effects on these West African economies in a variety of essential sectors, by halting trade, hurting agriculture and scaring investors.

Speaking at the occasion, the managing director of the bank, Bolaji Ayodele said “this is not the first time GTBank is donating to the health sector,” noting that in the past the bank has renovated Brikama Health Centre. He added that this time around their contribution is centred on the fight against Ebola.

In receiving the items, Dr. Omar Sey, the Minister of Health and Social Welfare, thanked the bank for their timely intervention, adding that the bank has been immensely contributing towards the health sector.

He promised the donors that the donated materials will be distributed among the health workers throughout the country, adding that the materials are essential towards the fight against the disease. Minister Sey then thanked the bank for their continuous support towards the health sector.

 

Source: www.observer.gm

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