₦airaland Forum

Guaranty Trust Bank Plc has boosted the liquidity position of its shareholders as the bank declared an interim dividend of 25 kobo for the half year (H1) ended June 30, 2012.

The bank has therefore, maintained its dividend policy of rewarding shareholders twice in a year through interim and final dividends. According to the audited H1 result, GTBank posted gross earnings of N106 billion, up from N84.76 billion in the corresponding period of 2011.

Profit before tax rose by 62 per cent from N32.9 billion to N53.6 billion, while profit after tax grew by 64 per cent from N27.65 billion to 45.6 billion.

Commenting on the performance, analysts at FBN Capital Limited said they did not expect the liquidity tightening concerns to overshadow this solid set of earnings.

“Year-to-date, GT Bank shares have gained 26 per cent outperforming the sector by 16.7 per cent, and the Nigerian Stock Exchange (NSE) All Share Index by 11.6 per cent. Consensus 2012 profit before tax forecast is currently around N86 billion. We would expect this figure to move higher on the back of the results. GT Bank’s H1 Profit after tax implies an annualised return on average equity (ROAE) of slightly over 35 per cent. Measured in these terms, GTBank remains the bank to beat in the sector by some margin,” they said.

Market operators said they were not surprised by the impressive H1 result of the bank, having opened the year with a similarly impressive performance for the first quarter ended March 31, 2012.


The bank had ended its Q1 with a profit after tax rose N19.312 billion, up from N14.328 billion in the corresponding period of 2011.
Managing Director of GTBank, Mr. Segun Agbaje, recently noted that the bank had consistently reported the best results within the sector for the last three years and intended to maintain this trend in the future.

“Our successes over the years can primarily be attributed to teamwork, discipline and passion. Our board is actively involved in the bank’s operations, our management team believe in our vision to be the best bank in the country and our members of staff are committed to go the extra mile in ensuring customer satisfaction,” he said.
http://www.thisdaylive.com/articles/gtbank-declares-25kobo-interim-dividend/123712/

RIP in the bossom of the Lord

I will advise the president to implore grassroots and neighbourhood approach by allowing political parties, royal fathers and community leaders at grassroots level collaborate and compliment security efforts by reporting, advising and updating security agencies state of security issues in their domain, this should be replicated at both local, state and national level.

Waoh, holy Moses.

Nothing good comes out of violence and THREAT is not the best means of achieving one's aim, destruction and damage to existing national structures and resources bring no gain to anyone. All of these,take us aback.

Demdem: . @sensydin

get off from my post. Someone else has earlier raised this stupidty of urs and i have already commented on it. Go back and read

@Demdem You need not take it personal, Someone has express a thought......if u cannot accommodate opinion divergent from yours as a public writer and commentator and you are critising the powers that be, it shows you cannot be a leader, let a lone a good follower.

Diversification- is the answer.

Keep it up and keep the Nigerian flag flying.....let all Nigerian youths take dressing now.

Na the presido family affair you wan chop or make him make naija great and better....... You no get work, busy body.

Hon. Dino, why do you like to always gain cheap popularity by pulling down the Government......you were once a member of the house, what did you do to better the lots of the country and people from your immediate constituency....

Nemesis will surely catch up with him,.........the blood of those he rendered homeless cry to God everyday for justice.

Of what benefit is that to us ooooo......does it add or decrease us.

Pple shd always think before they talk.......it is always good to be fair in our speeches, the oba of Benin palace press crew has clarified dat the king did not snub the president.

Guys...... D most important thing is dat Nigerians should get to know the facts of the matter and decipher the truth.

Thou man of God...... Bakare, your priestly role should be helping Nigeria towards greatness and not pulling it down by continuous destructive comments on Govt functionaries and inciting the minds of people negatively.

Na GOd do am for baba ijesha........wish him a blissful married life

Baba pastor........no be like dat Jesus teach ooooo, we are not to use God's words and our service to him to wreck our country and leaders.....

Nigerians cannot be deceived and fooled...........faroukgate has been inconsistent in his speeches and utterances, at a time he admitted he collected a bribe from Otedola while at another; he denied........analytically, this points to his complicity in the scandal.......and he has a case to answer.

Nigeria is a great nation, that serves as a market and investment base for most nations of the world.......hence her greatness is certain.

Let d man go and sit joo, after all he too chop money when he was in Govt......all na gbelo gbebooo, him hand no clean for naija wahala..... He is among those dat place us where we are now ooo

Gen. Buhari shd bow out and go and rest, does it mean he his the only one dat must rule Nigeria before Nigeria can be great?Any election dat Gen. Buhari does not win according to him is not free and fair, why must he think he is the messiah among 170 million Nigerians.......... Love ur post omanIman....