GTBank Releases Q3 2019 Unaudited Results …Reports Profit Before Tax of ₦170.7 Billion
Guaranty Trust Bank plc has released its un audited financial results for the period ended September 3 0, 2019 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. Profit before tax stood at ₦1 70 . 7 billion, representing a growth of 3.9 % over ₦1 64 . 2 billion recorded in the corresponding period of September 201 8 . The Bank’s Loan Book grew by 9.2 % from ₦1. 262 trillion recorded as at December 201 8 to ₦1. 378 trillion in September 201 9 , while customers’ deposit rose by 5.1 % to ₦2. 390 trillion from ₦2. 274 trillion in December 201 8 . The Bank’s balance sheet remained resilient with Total assets and Shareholders’ Funds closing at ₦3. 519 trillion ...