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savvyErnie
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GTBank Releases 2016 Q3 Unaudited Results

Mon Oct 24, 2016 10:06 am

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Guaranty Trust Bank (GTBank) plc has released its unaudited financial results for the 3rd quarter ended September 30, 2016, to the Nigerian and London Stock Exchanges.   A review of the 3rd quarter performance shows positive growth across all key financial metrics and improved strategic positioning of the brand.   Gross earnings for the period grew by 44% to N329.3billion from N229.4billion reported in the corresponding period of September 2015; driven by growth in fee & commission income as well as foreign exchange income.   Profit before tax stood at N140.84billion, representing a growth of 53% from N92.06billion recorded in the corresponding period of September 2015.   The ...