• 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
  • Industries
    • 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
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
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
  • Industries
    • 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
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Opinions Blurb
Analysis: Will GT Bank shares rise or drop this week?

Gt Bank Q1 2013 Results Review: Pre-Tax Profits Up, Margins Down

Ugodre Obi-chukwubyUgodre Obi-chukwu
10 years ago
in Blurb
Share on FacebookShare on TwitterShare on Linkedin

 

GT Bank Plc released its 2013 Q1 unaudited results with Gross Earnings increasing 20.83% over the same period last year to N63.5billion. Net Interest Income, the core revenue streams for banks, increased 6.34% to N33.4billion. Pre-tax profits at the end of the period was N28.5billion (2011:N24.3billion).

The above results while better than last year’s, is a reflection of shrinkage now being experienced as yields on government securities start to drop. Net Interest  Margins which was 81% in 2011 dropped to 77.3% and 73.9% in 2012 and 2013 respectively. Whilst this is pretty much the trend now, the large increase of loan losses is a worry. Could it be a one time write off, or beginning of several write offs that may occur during the course of the year? It will be interesting to see where this takes us to.

Loans and advances increased 5.4% year on year though, some might expect that it should have been more. . Deposits also grew 4.7% to N1.2tr . GT Bank share price at the close of business 18/4/2013 was N23.7.

GT BANK 2012 SNAPSHOT

 

GT Bank Q1 Earnings Report was posted on the website of the NSE

Tags: Nigerian 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
dmo
Bankers committee
Kwakol
Abbey
IMT

Zenth Bank
UBA
Mega Millions

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

Recent News

  • Nigeria Immigration Service says all passport backlog has been cleared
  • Sweden to double salary requirement for work permit holders next month
  • Most crucial economic events in the second half of 2023

Follow us on social media:

Recent News

immigration

Nigeria Immigration Service says all passport backlog has been cleared

October 3, 2023
Sweden

Sweden to double salary requirement for work permit holders next month

October 3, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 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
  • Industries
    • 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
    • Macro-Economic News
    • 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