GTBank PBT Hits N63 Billion

Yemisi Izuora
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Guaranty Trust Bank (GTBank) Plc has disclosed a gross earnings of N153 billion for the half year ended June 30, 2015.

The performance indicated an increase of 15 per cent above N133 billion which the bank earned same period in 2014.

The bank earning before tax stood  at N63.11billion, representing a growth of 18 per cent over N53.39billion recorded in the corresponding period of 2014.

The bank’s loan book grew by  two  from N1.276 trillion recorded as at December 2014 to N1.299 trillion in June 2015 and total customer deposits increased by  five  per cent to N1.71trillion from N1.618trillion in December 2014.

Also, GTBank closed the half year  with total assets and contingents of N3.04trillion and shareholders’ funds of N385 billion.

The bank’s non-performing loans remained low at 3.73 per cent. On the backdrop of this result, Return on Equity (ROAE) and Return on Assets (ROAA) stood at 28.1 per cent and 4.4 per cent respectively. Based on the results, the bank proposed an interim dividend of 25 kobo  per  share.

Managing Director/CEO of the bank  Mr. Segun Agbaje, said the support of its customers, commitment and hard work of Staff, management and board, and strong corporate governance standards contributed significantly to the good result.

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