GT Bank joins ₦200 billion club with FY 2017 profits

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Guaranty Trust Bank (commonly known as GT Bank) today released its financial statements for the year ended December 2017. Interest income rose from ₦262 billion in 2016 to ₦327 billion in 2017. Profit before tax also increased from ₦165 billion in 2016 to ₦200 billion in 2017.

Profit after tax saw an upward movement from ₦132 billion in 2016 to ₦170 billion in 2017. Earnings per share increased from ₦4.67 in 2016 to ₦6.03 in 2017.

The bank declared a final dividend of ₦2.40 per share. GT had in August last year declared an interim dividend of ₦0.30 per share. Thus bringing total dividend per share to ₦2.70.

Here is a copy of the result.