Temitope
Temitope Akinola
Guaranty Trust Bank Plc has declared a profit of N63.11bn in its audited financial results for the half year ended June 2015 to the Nigerian Stock Exchange as well as the London Stock Exchange.
GTBank's half year performance shows positive growth across all key financial indices. The bank's gross earning for the period grew by 15% to N153bn from N133billion that was reported in June 2014. This was driven primarily by growth in interest income.
Profit before tax remains N63.11bn which represents a growth of 18% over N53.39billion recorded in 2014 half year. Loan book grew from N1.276 trillion in December 2014 to N1.299 trillion in June 2015, representing a 2 per cent growth. Total customer deposits also increased by 5% to N1.71 trillion from N1.618trillion in December 2014.
Total Assets and Contingents closed at N3.04 trillion and Shareholders' Funds of N385bn. Non-performing loans stood at 3.73%. Return on Equity (ROAE) and Return on Assets (ROAA) stood at 28.1% and 4.4 respectively.
An interim dividend of N0.25k per ordinary share of 50 kobo each is being proposed for the period ended June 30, 2015.
The Managing Director/CEO of GTBank, Segun Agbaje, attributed the Bank's strong performance during the half year period to the continued support of its customers,the commitment and hardwork of its Staff, Management and Board, and strong corporate governance standards.
GTBank's half year performance shows positive growth across all key financial indices. The bank's gross earning for the period grew by 15% to N153bn from N133billion that was reported in June 2014. This was driven primarily by growth in interest income.
Profit before tax remains N63.11bn which represents a growth of 18% over N53.39billion recorded in 2014 half year. Loan book grew from N1.276 trillion in December 2014 to N1.299 trillion in June 2015, representing a 2 per cent growth. Total customer deposits also increased by 5% to N1.71 trillion from N1.618trillion in December 2014.
Total Assets and Contingents closed at N3.04 trillion and Shareholders' Funds of N385bn. Non-performing loans stood at 3.73%. Return on Equity (ROAE) and Return on Assets (ROAA) stood at 28.1% and 4.4 respectively.
An interim dividend of N0.25k per ordinary share of 50 kobo each is being proposed for the period ended June 30, 2015.
The Managing Director/CEO of GTBank, Segun Agbaje, attributed the Bank's strong performance during the half year period to the continued support of its customers,the commitment and hardwork of its Staff, Management and Board, and strong corporate governance standards.
