Guaranty Trust Bank Plc has reported a profit before tax of N92.06 billion, for the 3rd quarter ended September 30, 2015, representing a growth of 14 percent from N80.7 billion recorded in the corresponding period of September 2014.
In a report presented to the Nigerian and London Stock Exchanges, the bank reported positive growth across all key financial metrics and improved strategic positioning of the brand.
Gross earnings for the period grew by 15 percent to N229.4 billion from N199.2 billion reported in the corresponding period of September 2014; driven primarily by growth in interest income.
The Bank closed the third quarter ended September 2015 with Total Assets and Contingents of N3.002 trillion and Shareholders’ Funds of N400.7 Billion.
The Bank’s non-performing loans remained low at 3.16 percent, while the Return on Equity (ROE) and Return on Assets (ROA) stood at 31.68 percent and 5.10 percent respectively.
Segun Agbaje, the Managing Director/CEO of Guaranty Trust Bank plc attributed the Bank’s strong performance to the continued support of its customers, the commitment and hard work of its Staff, Management and Board, and the prioritization of strong corporate governance standards in the Bank’s systems and procedures.
According to Agbaje, the aggressive pursuit of its key objectives for the year, which are focused mainly on adding value to all stakeholders and improving customer experience, are yielding positive dividends and reflecting heavily on the Bank’s performance.
“Recognizing we operate in challenging business environments, we set high goals and benchmark ourselves against global standards which influence our service culture and product offerings, thereby enabling us to remain relevant to our customers while adding value to all stakeholders.
“We will continue to differentiate ourselves by providing innovative solutions that create sustainable value for all our customers and stakeholders while maintaining a high standard in service delivery by prioritizing innovation, integrity and excellence.
He further stated that “As a Bank, we will continue to leverage technology and collaborations to improve service delivery quality, stakeholder interaction points and the overall GTBank customer experience.
GTBank has consistently played a leading role in Africa’s banking industry.
The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation.
The Bank operates from over 230 branches within the country and has banking subsidiaries in Kenya, Rwanda, Uganda, Cote D’Ivoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.
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