One of Africa’s leading financial institutions, Guaranty Trust Bank, has declared that it made a profit before tax of N165, 14billion ($524.7m) in 2016, representing a growth of 37 percent since December 2015.

The Managing Director, GTBank, Mr. Segun Agbaje, said despite the economic crisis in the country in 2016, the bank was able to grow its retail business by leveraging on its digital technology to deliver superior payment solutions to its numerous customers to make banking simpler, faster and better.

Agbaje stressed that GTBank made a gross earnings within the period as N414.62billion ($1.3bn), from N301.85billion ($959m) in December 2015.

According to the GTBank boss, the growth is due to the interest in income as well as foreign exchange income.

He said, “The bank’s loan book also grew 16 per cent, from the NGN 1.37trn ($4.4bn) recorded in December 2015 to NGN 1.59trn ($5.1bn) in December 2016, with corresponding growth in total deposits increasing 29 per cent, to NGN 2.11trn ($6.7bn).

“Likewise, the bank’s balance sheet remained strong with a 19.7 per cent growth in total assets and contingents, reaching NGN 3.70trn ($11.8bn) at the end of December 2016, while shareholders’ funds reached NGN 504.9bn ($1.6bn). The bank’s non-performing loans remained low at 3.29 per cent – below the regulatory threshold of 3.66 per cent, with adequate coverage of 131.79 per cent. Against the backdrop of this result, return on equity (ROE) and return on assets closed at 35.96 per cent and 5.85 per cent respectively.”

SOURCE: https://brandspurng.com/gtbank-made-n165bn-profit-in-2016-agbaje/

Including Billionaire Kidnapper Evans' deposits that your staff go to pick from his home regularly

Tell me another story jor!

softwerk:
Including Billionaire Kidnapper Evans' deposits that your staff go to pick from his home regularly

Tell me another story jor!

LOL.... u r vexing gan ni oo

softwerk:
Including Billionaire Kidnapper Evans' deposits that your staff go to pick from his home regularly

Tell me another story jor!

Na wah o.

when you open their app they charge you....

you think about opening their app..they charge you

you want to download their app... they charge you

one day ill disconnect their dstv in their bonny island branch and go home with it

So many things wrong with the Nigerian banking system. Its only a Nigerian bank that will exchange dollars for you at a lower rate. Then return it and exchange it for a higher rate 1 month later. UBA especially.

How much was earned from loan to ordinary citizens

Awon ole

Banks don't give a crap about the source of your proceeds. That's the police job you dimwits

In recession.

Why won't they, when only me get up to #1600 SMS service charge per month

Told d ldiots to cancel d SMS tin, they said it it mandatory *Dafvck! Email notification is sufficient for me

When forex is paying

By deducting 400 from my account monthly

softwerk:
Including Billionaire Kidnapper Evans' deposits that your staff go to pick from his home regularly

Tell me another story jor!

Nigerian Banks are leeches.Our banking sector still haven't got it right.

Wow

Half of that profit I am sure was made from Nigerians that were into ponzi in the year 2016. All the *737* transfers to those (receiving help) and yet they still majorly employ contract staff for their operations nation wide who are paid peanuts. GTB make you na fear God o.

Too innovative not to!

una well done ooo

You can cancel it yourself If you do Internet banking. They dare not send me alerts again after I deactivated it using self service.

celestialAgent:
Why won't they, when only me get up to #1600 SMS service charge per month

Told d ldiots to cancel d SMS tin, they said it it mandatory *Dafvck! Email notification is sufficient for me

softwerk:
Including Billionaire Kidnapper Evans' deposits that your staff go to pick from his home regularly

Tell me another story jor!

Fu...cking moro...n!

I guess that shows you can always thrive once you have a winning PLAN...

is okay

Wow. 1 day gwm logistics ltd wld make such huge profit


In other news

Secure your property from fire with our self activating fire extinguisher that also doubles as a fire alarm

https://www.nairaland.com/3871215/secure-properties-these-self-activating

Evans will be like.....what? A beg police give me one more night

Na ponzi give dem dat money pass. We shall see hw it will be in dis 2017.

Arian11:
when you open their app they charge you....

you think about opening their app..they charge you

you want to download their app... they charge you

one day ill disconnect their dstv in their bonny island branch and go home with it

You wan kill person mbok-So just thinking of GTB alone, you are debited

lmaooo very useless people.... i hope youre not a staff there

their good morning sef them go charge you sef

Great4God:


You wan kill person mbok-So just thinking of GTB alone, you are debited

Ok oo. So much money. Check my signature for cheap data plan

180 Naira disappeared from my acc without any notification. These banks can be a very dishonest bunch.

welldone

Hmmm GTB



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kfrosh:
You can cancel it yourself If you do Internet banking. They dare not send me alerts again after I deactivated it using self service.

You can't again since last month I think ..The CBN has made SMS alert mandatory except you go to the bank and fill an indemnity clause and form indemnifying the bank incase of any fraud on your account ..Yes funny as it sounds that new law