Guaranty Trust Bank Plc has posted N109.7 billion gross profit for the half year ended June 30, 2020 to the Nigerian and London Stock Exchanges.
The bank said its loan book grew by 8.1% from ₦1.502 trillion in December 2019 to ₦1.624tn in June 2020 and customer deposits increased by 18.5% to ₦3.001tn from ₦2.533tn.
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The Profit before Tax closed at ₦109.7bn, representing a decrease of 5.2% over ₦115.8bn recorded in June 2019.
It closed the half year with ₦4.511tn assets and Shareholders’ Funds of ₦720.9bn, among other indices.
The bank said it proposed an interim dividend of 30 kobo per ordinary share of 50 kobo each.
The CEO, Segun Agbaje, said: “Our financial performance in the first half of the year reflects the quality of our past decisions which have broadened our earnings and strategically positioned us to thrive, thus far, through the current global health and economic crises.
