GTBank Records N196bn Profit After Tax, Recommends N2.50 Final Dividend - THISDAYLIVE

GTBank Records N196bn Profit After Tax, Recommends N2․50 Final Dividend

Guaranty Trust Bank Plc yesterday reported its audited results for the year ended December 31, 2019, showing improved performance despite the challenging operating environment. Net interest income improved from N222.433 billion to N231. Impairment charges stood at N4.911 billion in 2019, as against N4.906 billion in 2018.

The bank’s loan book grew by 19 per cent from N1.262 trillion in December 2018 to N1.502trillion in December 2019, while customers’ deposits increased by 11.4 per cent to N2.533trillion from N2.274trillion in December 2018. The bank has recommended a final dividend of 250 kobo per share, bringing the total dividend to 280 kobo per share, having earlier paid an interim dividend of 30 kobo per share.

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