GTB POST N90B PAT, PROPOSES FINAL DIVIDEND OF N1.45 PER SHARE. SHARE PRICE SHEDS 2.5%

Guaranty Trust Bank released its 2013 FY results showing a 9% increase in Gross Earnings to N242billion. Net Interest Income rose 5% to N136billion at the end of the year. GTB’s operating expenses remained moderate at a growth of 6% t0 N82.4billion.

Pre-tax profit was N107.9billion compared to N103billion a year earlier. The bank will go on to post a profit after tax of N90billion compared 3% higher than the  N87.2billion posted a year earlier.

GT Bank also announced a dividend per share of N1.45kobo. Share price closed 2.47% lower at N23.7.

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