GT Bank records a 9% dip in profit to N45.55 billion in Q1 2021.

Guaranty Trust Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

• Net interest income after loan impairment charges was N50.57 billion. (-19.8% YoY)
• Net fee and commission income of N14.61 billion. (+7.8% YoY)
• Personnel expenses totalled N9.97 billion. (+7.91% YoY)
• Customers’ deposits during the period increased to N3.6 trillion
• Profit for the period was N45.55 billion. (-9.03% YoY)
• Earnings per share of N1.60 Vs N1.77 YoY.

See link to results.