www.gtbank.com

Media Centre
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

Lagos, Nigeria - December, 2015

Guaranty Trust Bank Plc (GTBank) has once again reaffirmed its position as a leading global brand with its recent recognition as the ‘Bank of the Year’ during the Banker Awards held in London, United Kingdom.

 

The Banker, a publication of the Financial Times, is the world’s leading monthly journal of records for the banking Industry, with over 90 years expertise in publishing development in the banking industry both Africa and on the global scale. The Banker Awards is regarded as the industry standard for banking excellence, recognising and celebrating the achievements of individuals and financial institutions within the global banking sector.

 

According to Brian Caplen, Editor of The Banker Magazine, “The banking and financial services industry continues to develop rapidly, with a few financial institutions cementing their positions as market leaders, pushing the boundaries of innovation and excellence. GTBank has over the years maintained a reputation for delivering notable financial success hinged on world class corporate governance standards and excellent service delivery.”

 

Receiving the award on behalf of the bank, Managing Director/CEO of GTBank, Segun Agbaje, said: “We are delighted and proud to be recognised as the 2015 Bank of the Year. Our vision has always been to create an oasis and an African institution that can operate anywhere in the world.

 

“We strive to achieve this by adopting global best practices in all our business processes while conducting ourselves in a manner required of an institution with high corporate governance standards. For us, winning this award for a second consecutive year is an attestation of our long-standing commitment to doing things right.”

 

Source: The Nationonline

GT COMMUNITY

 

  • N
  • $7.59
    +16.06%