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[Corporate Action] Guaranty Trust Bank Declares N75 billion Profit After Tax For Q3’2015

Guaranty Trust Bank released its financial results for the period ended 30th September 2015. The result showed that Gross Earnings rose 15% from N199 billion in Q3′ 2014 to N229 billion in Q3′ 2015. Profit before tax also rose by 14% from N80 billion in Q3′ 2014 to N92 billion in Q3′ 2015. See Summary […]

[Corporate Action] Guaranty Trust Bank Declares N75 billion Profit After Tax For Q3’2015

Guaranty Trust Bank released its financial results for the period ended 30th September 2015.

The result showed that Gross Earnings rose 15% from N199 billion in Q3′ 2014 to N229 billion in Q3′ 2015.

Profit before tax also rose by 14% from N80 billion in Q3′ 2014 to N92 billion in Q3′ 2015.

See Summary of result below…

Guaranty Trust Bank Q3 2015 Sep-15 Sep-14 % Change
N’bn N’bn
Net Interest Income 120,129 105,335 14.04%
Commision Fees & Other Income 54,288 49,551 9.56%
Operating Expenses -73,840 -67,900 8.75%
Pre-tax profits 92,062 80,699 14.08%
Profit After Tax 75,160 66,743 12.61%
Current Share Price  25.50

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