Banking Briefs
–
GUARANTY Trust Bank, GTB, Plc has posted gross earnings of N153 billion for the half quarter of the year ended June 30, 2015. The performance showed an increase of 15 percent above the N133 billion recorded in the corresponding period of 2014. According to the audited results, GTB posted profit before tax of N63.11 billion, representing a growth of 18 percent over N53.39 billion recorded in the corresponding period of 2014.
The bank’s loan book grew by two from N1.276 trillion recorded as at December 2014, to N1.299 trillion in June 2015 and total customer deposits increased by five percent to N1.71trillion from N1.618 trillion in December 2014. Also, GTBank closed the half year with total assets and contingents of N3.04 trillion and shareholders’ funds of N385 billion. The bank’s non-performing loans remained low at 3.73 percent. On the backdrop of this result, return on equity, ROAE, and return on assets, ROAA, stood at 28.1 percent and 4.4 percent, respectively. Based on the results, the bank proposed an interim dividend of 25 kobo per share.
Segun Agbaje, managing director, GTB, attributed the bank’s strong performance during a tough half year period, to the continued support of its customers, the commitment and hard work of its staff, management and board, and strong corporate governance standards.
According to him, a major objective for the bank this year is to add value to all stakeholders and improve the customer experience. “We will continue to drive customer engagement, underpinned by a single view of the customer, and build an ecosystem that will guarantee increased customer interactions and satisfaction at every touch point,” he said. Agbaje said the bank would continue to leverage technology and collaborations to improve customer experience and ease of interaction.
— Sep 7, 2015 @ 01:00 GMT
|
Tags:
