A review of the half year performance shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for the period grew by 2% to ₦214.1billion from ₦209.9billion reported in the June 2016; driven primarily by growth in investment securities income as well as income from risk assets. Profit before tax stood at ₦101.1billion, representing a growth of 18% over ₦85.69billion recorded in the corresponding period of June 2016.

http://naira24.com/guaranty-trust-bank-plc-released-audited-financial-results-half-year-ended-june-30-2017-nigerian-london-stock-exchanges/

Massive

80% of that profit comes from cheating customers.

wamiikechukwu:
80% of that profit comes from cheating customers.

Lmao. U get proofs.

Elshaddai

Hmmm

one of the best bank in Nigeria

oya make we parry

wamiikechukwu:
80% of that profit comes from cheating customers.

Seconded

With 2-5k SMS charges I get


Why won't they

#85 billion in 2016....#100 billion in 2017
Banks are making huge profits...Politicians are making massive money...Telcom companies are balling....All at the expense of poor Nigerians. Is there any hope for this country?

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all these big coys make alotta profit yearly, yet they treat most of their workers like slaves ....


Naija labour law is just wack....


if u hit big money in Naija , best tin to do is start a company and pally wif politicians... gbam, u are made for life......


hard work in Naija doesn't equate to big reward...


Naija workers are really really trying ..

Nice bank. Nids to work on the crowd though




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THis Bank Eeeh!!!!





















































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SOmebori please Call EFCC o!!!!!!!!!!!!!!!!

Wheewwww!!! Interesting!



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Loooonatic flatiyeasterners have started displaying crude envy and jealousy inspired by inferiority complex.

Flatiyeasterners and their banks are no match anytime, anyday.

Huge profits... Poor salary to staffs.

pesuwe:
one of the best bank in Nigeria

Best in stealing your money? There's nothing best about a bank

Why won't they?
Ori olori, Ese Elese.

Rich4god:
Huge profits... Poor salary to staffs.

And even Zero interest for their customers. Only to deduct money.

shollyBi:


Seconded

i seconded it first, so u thirded it

wamiikechukwu:
80% of that profit comes from cheating customers.

Fourthed!

And they still use contract staff...

All these paper and accounting profits are just posted to enrich the major shareholders which are the executives. The owners with majority of the shares would only make money when they post high profit so that a higher percentage can be shared among the shareholders. A major question that should be asked is are the banks following the prudential guidelines as provided by Banking and other financial institutions act BOFIA. Does this profit transmit to the growth of the economy and welfare of the staff in this organization? A lot of these banks posting high accounting profit have a lot of bad loans which are not fully provisioned. The prudential guidelines demands that a 100% provisioning is done for a bad loan but most of these banks still provision 50% with the hope that the loans can still be recovered. This practice isnt sustainable in the long run, but the major shareholders don't care, they are there to make the money and jump ship when things go south. That's why we still have men sitting in the board of major organizations who have ran other organizations aground.

With customers like Evans, they suppose to make higher

the economy is rallying back and looking promising

on like last financial when most banks account were in the negative

Naso all of them go dey lie say them make huge profit even if they are at loss becos of ................. Until things go come damage beyond repair. Then, them go con merge, acquired, rundown patapata

A recent case study of Etisalat.

wamiikechukwu:
80% of that profit comes from cheating customers.

count GT out of hidden charges... I got proofs!

If the income or profit comes from investing in risk free securities such as government securities etc, then the economy is doom. And these huge profits comes from the criminal ideas from the cbn governor.

Let's me give u guys example. As at last year, the cbn ban individual investors from investing in treasury bills if they do not have minimum 50 million naira to invest in primary market from the initial 100,000. These gives banks to take control of TB in primary market, and in turn sell to individuals investors in the secondary market after they have profit from it,and these business is traded everyday.

For others that keep there money In the banks, these banks will use ur money to buy these security in these risk free securities and there by making up to 18% on TB or government bonds after paying peanut of 5% as Interest on deposit

Einl:
And they still use contract staff...

that's business... They use them to maximise that profit you see upthere.

wamiikechukwu:
80% of that profit comes from cheating customers.

My Dear,I Doubt That. They Are More Sincere Than Most Other Banks I've Done Transactions With.