GTBank Declares N201.439bn Profit In 2020
Guaranty Trust Bank (GTB) has posted N201.439 billion profit for the year ended December 31st, 2020, rising by 2 .3 percent, up from N196.865 billion in the corresponding year.
According to the Audited report released on Thursday, the Orange brand shows that its profit before tax (PBT) grew by 2.7 percent from N231.707 billion in 2019 to stand at N238.095 billion in 2020.
Also, the lender proposed a final dividend of N2.70 Kobo per share, which translated to a dividend yield of 9.1 percent.
GTB, which is Nigeria’s most valuable Bank in terms of equity, Gross Earnings climbed by 4.6 percent to N455.229 billion up from N435.306 billion the previous year.
GTB’s Net Assets appreciated by 18.5 percent from N687. 337 billion to N814. 395 billion, while the bank’s total Assets and Liabilities stand at N4.944 trillion up from N3.758 trillion, representing a 31.5 percent growth.
Figures from the Equities market shows that its market value stands at N877 billion.
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