Results & Dividends

Earnings Review: GT Bank 9M 2019 Results

October 21, 2019/Coronation Report GT Bank reported unaudited 9M 2019 results last week. Net interest income was grew by 1.3% y/y at N172.9bn (US$480.3m), Net fee and commission income was up 22.9% from the previous year. The cost to income ratio fell 154bps to 36.5% y/y. Net profits were up […]

GTBank Q3 2019 Result: Decent Performance Despite Tough Regulatory and Operating Environment

October 18, 2019/InvestmentOne Report ·         Net interest income of N56.6billion, down 2.7% q/q; up 1.3% y/y ·         Non-interest income of N28.6billion, down 20.7% q/q, up 2.8% y/y ·         Profit before tax of N54.9billion, down 6.7% q/q; up 3.9% y/y ·         Profit after tax of N47.9billion, down 4.0% q/q; up 3.4 […]

Guaranty Trust Bank Q3 2019: Steady, and In Line With Expectations

October 16, 2019/Cordros Report Guaranty Trust Bank PLC recently released unaudited 9M-19 numbers today, which showed that the bank’s performance has not been adversely affected as of yet. The result was in line with expectations as gross earnings declined while profitability expanded moderately. The performance was underpinned by non-funded income […]