GTBank to Pay N8.8bn Dividend to Shareholders

Segun AgbajeManaging Director/CEO of Guaranty Trust Bank Plc, Mr. Segun Agbaje
  • GTBank to Pay N8.8bn Dividend to Shareholders

Guaranty Trust Bank Plc, one of Nigeria’s leading banks, has proposed to pay shareholders an interim dividend of 30 kobo per share or N8.8 billion for the first half of 2019.

The lender grew profit after tax by 3.6 percent to N99.13 billion in the first quarter of the year.

The financial statements released through the Nigerian Stock Exchange last week showed the bank’s total assets stood at N3.60 trillion, while shareholders’ fund was N603 billion.

Commenting on the financial results, Mr Segun Agbaje, the Chief Executive Officer, GTB, said: “We have delivered a good result in spite of a challenging market, characterised by varying degrees of uncertainty and a rapidly changing competitive landscape.

“Our strong financial performance is underpinned by our unwavering focus on delivering value to our shareholders and reimagining the role we play in our customers’ lives.

“In a rapidly changing world and increasingly unpredictable environment, we are committed to building a long-term business that is both nimble and focused on flawless execution.”

Agbaja added that the success achieved by the bank in the last six months shows the bank had the right strategy and solid team to achieve and deliver, even in difficult situations.

Therefore, the bank proposed an interim dividend of 30 kobo per share for shareholders.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: samed@investorsking.com.

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