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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

Lagos Nigeria – December, 2016.


Foremost African Financial Institution, Guaranty Trust Bank plc, has announced its Customer, Abdulkareem Buhari, as the winner of the GTBank Porsche 911 Giveaway Draw for Platinum Banking Customers.

The GTBank Porsche 911 Giveaway is part of the Bank’s Platinum rewards for its Platinum Banking Customers, a niche segment that enjoys premium products and dedicated services such as access to personal banking lounges, fast track banking services, Platinum MasterCards and specialized Credit Facilities as well as higher transaction limits on alternative channels.

Abdulkareem, a trader in Kaduna, won the brand new Porsche 911 Carrera after a raffle draw held on Wednesday, December 15, 2016 at the Corporate Head Office of Guaranty Trust Bank plc. “I am incredibly excited and immensely grateful to GTBank for such an amazing gift,” enthused Abdulkareem as he received the keys to his new Porsche from the CEO and Managing Director of GTBank, Mr Segun Agbaje.

“The GTBank Porsche 911 Giveaway Draw is our special way of expressing our utmost gratitude to our customers for making our success possible,” said Mr. Agbaje. He further stated that, “As a bank that’s committed to creating memorable experiences, we are excited at how happy we have made one of our most loyal customers and we will continue to ensure that our customers the excellent service and best in-class financial solutions that they deserve.”

GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation.

 

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