2021 H1 Results: GTCO Plc’s profit after tax declines by 16% to N79.4 billion.

Guaranty Trust Holding Company Plc (GTCO Plc) released its interim financial results for the half year period ended 30th of June, 2021.

• Net interest income after adjusting for loan impairments was N102.3 billion. (-15.3% YoY)
• Net fee and commission income of N36.86 billion. (+53.4% YoY)
• Personnel expenses totalled N17.23 billion. (-1.2% YoY)
• Customers’ deposits during the period stood at N3.63 trillion.
• Profit after tax was N79.4 billion. (-15.8% YoY)
• Earnings per share of N2.79 Vs N3.32 YoY.

See link to results.