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Nairaland Forum / Nairaland / General / Business / GT Bank Plc Unaudited Q3 Ended Sept. 30th, 2017: Net Income Appreciated By 7.26% (465 Views)
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GT Bank Plc Unaudited Q3 Ended Sept. 30th, 2017: Net Income Appreciated By 7.26% by Nobody: 4:53pm On Oct 19, 2017 |
GT Bank Plc reported her unaudited Q3 ended September 30th 2017 results to the market yesterday. Closer analysis reviewed that gross earnings came in lower by 5.88%, while net income appreciated by 7.26%. Net income was significantly impacted by improved return on net interest margin which stands at 61.16%. Cost to income stands at 29.4% against 25.14% posted in Q3 ’16. It was mostly impacted by one-off settlement of AMCON levy for 2017. Kindly click on this link to see full details on the Corporate Brief of the firm. Key Highlights: GT Bank gross earnings came in marginally down by 5.88% while net income rose by 7.26% in Q3 ’17. Net income was significantly impacted by improved return on net interest margin which stands at 61.16%. Cost to income stands at 29.4% against 25.14% posted in Q3 ’16. It was mostly impacted by one-off settlement of AMCON levy for 2017. Non-performing loans to total loan dropped to 3.93% compared to 4.13% in Q3 ‘16 and way below industry benchmark. The bank loan-to-deposit ratio dropped to 72.46% against 77.89% in Q3 ’16 and mirrored the fact that deposit was low. The bank was aggressive in the utilization financial assets to boost bottom line as reflected by 229.7% growth. SOURCE: https://brandspurng.com/gt-bank-plc-unaudited-q3-ended-sept-30th-2017-net-income-appreciated-by-7-26/
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Re: GT Bank Plc Unaudited Q3 Ended Sept. 30th, 2017: Net Income Appreciated By 7.26% by Nobody: 6:34am On Oct 20, 2017 |
when will it be audited? |
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