GTB’s profit increases in 2018
Guaranty Trust Bank Plc on Wednesday announced its audited results for the financial year ended December 31, 2018 on the Nigerian and London Stock Exchanges.
Its customers’ deposits increased by 10.3 per cent to ₦2.27 trillion from ₦2.06 trillion in the comparative period of 2017. An analysis of the bank’s asset quality showed that non-performing loans and cost of risk improved to 7.3 per cent and 0.3 per cent during the review period from 7.7 per cent and 0.8 per cent in December 2017, respectively.
“In 2018, our focus on staying nimble, strengthening customers’ relationships and driving our digital-first strategy paid off.
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