GTB Full Year Profits Rises By 5.3% To N99.4 billion In 2015

Guaranty Trust Bank Plc (GTB) released its financial results for the year ended December 2015. The result showed that Net interest income rose by 12.33% from N142 billion in 2014 to N159 billion in 2015.

The bank also increased its net fee and commission income by 6.39% from N45.8 billion in 2014 to N48.7 billion in 2015, while expenses grew by 2% from N94 billion in 2014 to N96 billion in 2015.

Pre-tax profits rose by 3.7% from N116.3 billion in 2014 to N120.6 billion in 2015, while profit after tax rose by 5.3% from N94.4 billion in 2014 to N99.4 billion in 2015.

GTB was trading at N16.60 up 2.15% as at press time.

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The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


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