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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 Deploys GTPay for University of Ghana, Regent University and WAEC


March, 2015

Guaranty Trust Bank (Ghana) Limited, a subsidiary of Guaranty Trust Bank Plc, has introduced GTPay, a web-based fee collection platforms for University of Ghana (UG), Regent University College of Science and Technology (RU) and the West African Examinations Council (WAEC), in Ghana, to enable the respective institutions collect fees online from international students.

GTPay, is an integrated and secure online gateway that enables corporate clients such as hotels, airlines, churches, schools, supermarkets etc accept payments on their websites. It is an internet-based solution that facilitates the use of local and international cards such as MasterCard and VISA for online payments. The main benefit of the platform to both the customer and the Merchant is that the it provides a convenient alternative for cash payment for customers as the transacted amount is debited from the customer’s account with a corresponding credit to the merchant’s account instantly. 

ghana fees eflier

For the University of Ghana and Regent University College, these solutions would provide platforms for ‘‘online’’ payments for tuition, exam registration, graduation fees and application forms for schools in Ghana.

 

The GTPay platforms has been customized for different the institutions outlined above i.e. ‘’UGPay” for University of Ghana, “RU-Pay” for Regent University College and WAEC-Pay for WAEC. They all provide an alternative channel for prospective and existing Nigerian students, parents, guardians and alumni residing outside Ghana to pay for services by these institutions.

Commenting on this development, the Managing Director of Guaranty Trust Bank (Ghana) Limited, Mr. Lekan Sanusi stated that “Convenience, reliability, innovation and financial security have been part of the guiding principles for deploying this solution for all the institutions”. “We are pleased to launch this service as it would help address some of the challenges faced by Nigerian parents and students residing outside Ghana during payment of fees to the respective institutions”, he added.

 

During years of operation in Ghana, Guaranty Trust Bank (Ghana) Limited has established itself as a pacesetter and role model especially in the area of Information Technology/ Electronic Banking and has emerged winner in key category awards including; “Best Bank in Product Innovation 2013” at the latest Ghana Banking Awards and “Technology Advanced Bank of the Year 2013” by Ghana Telecoms Awards.

For enquiries and information on the payment options available in Ghana, kindly click the school logos to visit. regent uniwaec

Communication & External Affairs Ghana
Tel: 030 2 680662

GT COMMUNITY

 

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