Guaranty Trust Bank plc has announced its audited financial results for the year ended December 31, 2014, recording a profit before tax that gained nearly nine per cent from N107.09 billion in 2013 to N116.4 billion recorded in the year under review.
The results was posted on the Nigerian Stock Exchange (NSE) official website, showed positive performance across all financial indices to affirm the financial institution position as one of the most profitable bank in Nigeria.
Profit after tax also gained nearly 10 per cent from N90 billion to N98.68 billion posted in 2014 while its gross earnings was up by 15 per cent to N278.5 billion as against N242.67 billion recorded in prior full year results.
Consequently, the group closed the 2014 financial year with a balance sheet size in excess of ₦2.35trillon while shareholders’ equity increased by 13 per cent from ₦332.35 billion in 2013 to ₦374billion in the period under review.
With impressive increase in profits amidst Central Bank of Nigeria (CBN) harsh monetary policies, the lender has maintained its dividend payment policy by proposing N1.50 kobo per share(N44 billion) in 2014 as against N1.45 per share (N42.7 billion) that was paid to its numerous shareholders in 2013.
Guaranty Trust Bank plc is a
foremost Nigerian financial institution with vast business outlays spanning
Anglophone/Francophone, West Africa, East Africa and the United Kingdom.The Bank presently has an Asset
Base of over 2 Trillion Naira, shareholders funds of over 200 Billion Naira and
employs over 10,000 people in Nigeria, Cote d'Ivoire, Gambia, Ghana, Kenya,
Liberia, Rwanda, Sierra Leone, Uganda and the United Kingdom. The Bank has a corporate banking
bias and strong service culture that have enabled it record consistent year on
year growth in clientele base and key financial indices since its inception in
1990.
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