Guaranty Trust Bank releases Q3 2018 results

Guaranty Trust Bank has released its results for the nine months ended September 30, 2018. Here are key highlights of the results.

Interest Income

Interest income fell from N248 billion in 2017 to N237 billion in 2018. This represents a 4.4% drop year on year.

Profit Before Tax

Profit Before Tax, however, increased from N150 billion in 2017 to N164 billion in 2018. This represents a 9.3% increase year on year.

Profit After Tax

Profit After Tax also rose from N125 billion in 2017 to N142 billion in 2018. This represents a 13.6% increase year on year.

Current Share Price

Guaranty Trust Bank is currently trading at N37 in today’s trading session on the NSE.

 

Source: Nairametrics

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