Guaranty Trust Bank reports US$433m Profit before tax showing improved performance across key financial metrics

NIGERIA – Guaranty Trust Bank (GTBank) has reported Profit before tax of ₦167.4 billion (US$433.17 million), representing a decrease of 1.9% over ₦170.7 billion (US$441 million) recorded in the corresponding period of September 2019 and an improvement on the 5.2% dip posted in H1-2020 relative to H1-2019. Loan and Deposit book however grew by 4.5% and 25.1% from ₦1.502 trillion (US$3.89 billion) and ₦2.640 trillion (US$6.83 billion) recorded as of December 2019 to ₦1.569 trillion (US$4.06 billion) and ₦3.303 trillion (US$8.55 billion) in September 2020 respectively. Guaranty Trust Bank’s Balance…

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