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[Corporate Action] GTB Records 18% Rise in Pre-tax Profits in 2015 H1

Guaranty Trust Bank (GTB) released its 2015 Half Year result showing pre-tax profits rise 18% from N43bn in June 2014 to N53bn in June 2015. Profit after tax also rose 21% from N44bn to N53bn in 2015. See summary of result below… Guaranty Trust Bank Bank H1 Jun-15 Jun-14 % Change N’bn N’bn Net Interest […]

Guaranty Trust Bank
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Guaranty Trust Bank (GTB) released its 2015 Half Year result showing pre-tax profits rise 18% from N43bn in June 2014 to N53bn in June 2015. Profit after tax also rose 21% from N44bn to N53bn in 2015.

See summary of result below…

Guaranty Trust Bank Bank H1 Jun-15 Jun-14 % Change
N’bn N’bn
Net Interest Income 80,119 71,562 11.96%
Commision Fees & Other Income 38,020 32,301 17.71%
Operating Expenses -49,077 -45,128 8.75%
Pre-tax profits 63,111 53,396 18.19%
Profit After Tax 53,373 44,008 21.28%
Current Share Price 22.08

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