Nigeria's giant bank, Guaranty Trust Bank Plc yesterday released its latest unaudited financial results for the quarter ended March 31, 2019 (Q1’19), which revealed that profit before tax (PBT) rose by 8.3% to N57 billion during the quarter.

A statement from the bank disclosed that: “Gross earnings for the period grew by 1.2 percent to N110.3 billion from N109 billion posted in March 2018. Profit before tax improved to N57 billion from N52.6 billion recorded in the corresponding period of March 2018, representing a growth of 8.3 percent. Customers’ deposits also rose by 6.0 percent to N2.410 trillion in March 2019 from N2.274 trillion in December 2018, whilst the Bank’s Loan book grew by 1.6 percent from N1.262 trillion as at December 2018 to N1.282trillion in March 2019.

“Balance sheet remained strong with the Bank closing the quarter ended March 31, 2019 with Total Assets of N3.556 trillion and Shareholders’ Funds of N627.2 billion. In terms of Assets quality, NPL ratio and Cost of Risk closed 7.03% and 0.05% in March 2019 from 7.30 percent and 0.34% in December 2018 respectively.”

The Managing Director/Chief Executive Officer of Guaranty Trust Bank Plc, Mr Segun Agbaje, while commenting said; “Going into 2019, we knew that it would be a challenging year, but our strategy and unwavering focus on delivering value for our customers and shareholders continues to underpin our ability to consistently deliver solid results despite changing market variables. We carried on the momentum of the previous year, posting strong growth in earnings, effectively managing costs and leveraging our digital-first customer-centric strategy to deliver world-class services that are simple, cheap and easily accessible.”

Nice growth but they havnt announced profit after taxation and what would be left when they deduct Innoson's 8.8billion.
It's noteworthy that the mods hide posts that mention Innoson and GTB at the same time especially since Innoson got a Garnishee order to take steps to recover his money from GTB. They don't hide posts when there's arrest warrant or perceived indictment against Innoson.
God dey watch una.

Use part it and pay Innoson...

Very good then !! now you can pay Innoson and still have 49 billion Naira

For just one quarter? They should settle innoson now

Let them remove 8billion from the money and pay Innoson asap.

And FG should let the man be, and stop asking the court to order his arrest.

Nobody has ever sought the arrest of Dangote, Mike Adenuga, Otedola, their likes from other tribe.

Why does Buhari's Nigeria always looking for a way to crush anything Igbo? From Ifeanyi Uba with NNPC saga, now to Innoson.

You know sometimes when I want to take a critical assessment of the the Igbo marginalisation shout, a critical objective view dented by ethnicity and sentiments, sometimes when I want to know if these things are over-bloated, evidences keep splashing at my face from every direction to the fact that there is a bias against the Igbos and their businesses.

What beats their imagination is how we keep rising against odds.