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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

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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