Finance
GTBank Reports N184.6bn PAT
- GTBank Reports N184.6bn PAT
Guaranty Trust Bank Plc reported a profit after tax of N184.6 billion in the year ended December 31, 2018.
The number was 10 per cent higher than the N167.9 billion recorded in 2017.
Profit before tax grew by 9.1 per cent from N197.7 billion in 2017 to N215.6 billion in 2018.
Earnings per share grew from 594 kobo in 2017 to 654 kobo in 2018.
GTBank proposed a final dividend of 245 kobo per share.
The lender recorded an interest income of N307 billion, a 6.2 per cent decline from N327 billion in 2017.
The Managing Director/Chief Executive Officer, GTB, Mr Segun Agbaje, said, “In 2018, our focus on staying nimble, strengthening customer relationships and driving our digital-first strategy paid off.
“We successfully navigated the pressures of our challenging and radically changing business environment, recorded growth across key financial indices and reaffirmed our position as one of the best-performing and well-managed financial institutions in Africa.”