• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
Nairametrics
No Result
View All Result
Home Opinions Blurb
Analysis: Will GT Bank shares rise or drop this week?

Gtb 2012 Full Year Results: Increase Pat By 81% To N86.6Billion

Ugodre Obi-chukwu by Ugodre Obi-chukwu
11 years ago
in Blurb
Share on FacebookShare on TwitterShare on Linkedin

 

GT Bank released its 2012 audited accounts with Gross Earnings rising 21% to N221.9billion. Net Interest Income also rose 32% to N130.6billion representing an interest margin of 76.7% (77.9% 2011) and further highlighting the cheap direct cost of funds available to the banks for the period. Interestingly the bank reduced its loan losses from N20.6billion in 2011 to just about N836million this year indicating either a write back or a spill over effect of the transfer of bad loans to AMCON.

 

Operational Profit for the period was also N103billion (2011: N62billion) and represents about 46.4% of Gross Earnings (2011: 34%) taking in the positive impact of the reduction in loan losses. The bank known for managing operating expenses, spent N43 (2011: N53) for every N100 of Net Operating Income generated (that is after deducting interest expense and loan losses) on overheads. Personnel Cost increased 16% to N25.billion but represented just about 14% (2011:17%) of Net Operating Income.

 

Profit after tax was N86.6billion an 81% increase from the N47.8 billion posted in 2011.The bank ended the year with an impressive Return on average equity of 33.7% . GTB has proposed a dividend per share of N1.3 representing a yield of about 4.7% (based on todays share price of N27.45). Investors reacting to the results with share price rising 5.17%.  The current share price of N27.45 gives the share price a 9.15x premium on earnings per share, a relatively cheap proposition. Expect this share price to double by year end. It currently has a 101% return over the last one year

 

GTB 2012 Results snapshot

GTB 2012 Audited Accounts was posted on the website of the NSE

Tags: GT BankNigerian Company ResultsNSE 30
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *







NM newsletters
Glo
Kwakol
Abbey
Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Kano State spends N69 million on procurement of HIV/AIDS test kits
  • Lagos to increase trips to 76 daily on Electrified Blue Line 
  • Insurance companies collected N729.1 billion in premiums in the first three quarters of 2023 

Follow us on social media:

Recent News

Tribunal sacks Governor Yusuf of Kano, declares APC’s Nasir Gawuna winner

Kano State spends N69 million on procurement of HIV/AIDS test kits

December 2, 2023
Lagos bans closure of streets for parties, social events, offenders to be arrested, prosecuted

Lagos to increase trips to 76 daily on Electrified Blue Line 

December 2, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In