GT: Nigeria’s Most Valuable Bank Keeps Minting Cash
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Guaranty Trust Holding Company reported a profit before tax of N300.4 billion, underscoring its resilience in Nigeria’s financial sector. Interest income surged 41% year-over-year, while fee and commission revenue climbed 42%, even without last quarter’s one-time fair value gain.
The Group’s net loan book expanded 15.6%, with customer deposits growing 7.7%—clear indicators of financial strength. A capital adequacy ratio of 34.6% demonstrates robust risk management and asset quality improvements.
Submitted to both the London Stock Exchange and Nigerian Exchange Group, these results cement GTCO’s position as a leader in African banking. The numbers tell a story of disciplined growth amid challenging macroeconomic conditions.
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