GTB 2014 FY results beat estimates and propose N1.5 final dividend

Guaranty Trust Bank Plc released its 2014 full year results showing gross earnings rose 15% to N278.5billion compared to N242.6billion in 2013. Net interest income also rose 4% to N142.3billion compared to N136billion in 2013.

Profit after tax also rose 9.6% to N98.6billion compared to N90billion a year earlier. Earnings per share also beat estimate by rising 10% to N3.47 compared to N3.17 a year ago. They also proposed final dividend of N1.50 compared to N1.45k per share same period last year.