Guaranty Trust Holding Company Plc (GTCO) Group has posted a Profit Before Tax (PBT) of ₦609.3 billion in its 2023 operations against ₦214.2 billion achieved in the corresponding period in 2022.
Guaranty Trust Holding Company Plc Group has posted a Profit Before Tax of ₦609.3 billion in its 2023 operations against ₦214.2 billion achieved in the corresponding period in 2022. Specifically, its audited result for 2023 showed 184.5 per cent rise in PBT to N609.3 billion, up from ₦214.2 billion recorded in 2022…
The Group’s balance sheet remained well structured, diversified, and resilient with total assets and shareholders’ funds closing at ₦9.7 trillion and ₦1.5 trillion, respectively. Full Impact Capital Adequacy Ratio stood at 21.9 per cent, while asset quality was sustained as IFRS 9 Stage 3 Loans improved to 4.2 per cent in December 2023 from 5.2 per cent December 2022.
“Also important to our success is our relentless obsession with innovation and offering great customer experiences as demonstrated by the successful redesign and upgrade of our mobile banking application, GTWorld. In a landscape characterised by evolving regulatory reforms, global uncertainties, and heightened competition, we have continued to leverage our inherent strengths and capabilities to unlock significant value, creating more opportunities for the businesses and individuals we serve.
The Nigerian Electricity Regulatory Commission recently approved an increase in the electricity tariff, particularly for customers under Band A.
Guaranty Trust Holding Company Plc (GTCO) Segun Agbaje
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