Guaranty Trust Bank Plc has released its results for the financial year ended December 2018. Here are highlights of the results.
Interest income dropped from N327 billion in 2017 to N306 billion in 2018. This represents a 6.4% drop year on year.
Profit before tax
Profit before tax, however, rose from N197 billion in 2017 to N215 billion in 2018. This marks a 9.13% increase year on year.
Profit after tax
Profit after tax rose from N167 billion in 2017 to N184 billion in 2018. This marks a 10.1% increase year on year.
Earnings per Share
Earnings per share increased from N5.94 in 2017 to N6.54 in 2018. This marks a 10.1% increase year on year.