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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 Receives Best Commercial Bank and Best Internet Bank Award

August 12th, 2015

Global Banking & Finance Review has awarded GTBank Gambia “Best Commercial Bank and Best Internet Bank” in The Gambia 2015 Awards. The awards were announced on August 10th 2015.

Receiving the awards, The Managing Director of GTBank Gambia Kingsley Mobolaji Ayodele said the awards which followed a rigorous peer review underscores the Bank’s commitment to proving superior financial services to The Gambian community. He dedicated the awards to customers for what he called “their unflinching loyalty to the Bank”.

The GTBank Gambia CEO expressed gratitude to God, the Bank’s esteemed customers, the Board of Directors, Management and Staff for their roles in earning the recognition. He also added that GTBank Gambia takes the award as a challenge to perform even better and would go to any length to surpass the expectations of their customers.

Global Banking & Finance Review is a leading financial portal offering News, Analysis, Opinion, Reviews, and Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, and Asset & Wealth Management.

GTBank Gambia has previously won The Gambia Chamber of Commerce and Industry 2013 Service Provider of the year, 2011 and 2008 Bank of the year awards amongst a host of other awards.

Globalawards Gambia

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