GTBank Declares 30k Interim Dividend

GTBank-Logo-
GTBank-Logo

Guaranty Trust Bank Plc has announced an interim dividend of 30k per share for the half year ended June 30, 2020. 

The bank stated this in its audited financial results released to the Nigerian Stock Exchange and London Stock Exchange.

According to the Bank, profit before tax during the period stood at N109.7 billion compared to N115.8 billion posted in the corresponding period of 2019.

Similarly the bank”s loan book during the review period grew by 8.1 per cent to N1.62 trillion as against N1.50 trillion recorded as at December 2019.

Also, customer deposits increased by 18.5 per cent to ₦3.001trillion, from N2.53 trillion in December 2019.

Total assets for the half yeat stood at N4.51 trillion and shareholders’ funds at N720.9 billion.

Its  non performing loan ratio and cost of risk closed at 6.8 per cent and 0.4 per cent in June 2020, from 6.5 per cent and 0.3 per cent in December 2019 respectively.

Commenting on the financial performance, the bank’s Chief Executive Officer, Segun Agbaje, said, “These are undoubtedly tough and trying times for people, businesses and economies the world over.”

Agbaje said the bank’s half year performance reflected the quality of its past decisions which had broadened its earnings.

“Underpinning this financial performance is our commitment to being there for our customers and the communities we serve.

“Over the past six months, we have lent the full weight of our franchise to safeguarding lives and livelihoods of our staff and customers; by leading from the front in the fight to curtail the COVID-19 outbreak and offering grace periods on loans to our small business customers.

“Going forward, our focus is not just to survive this pandemic, but to thrive beyond i

“That is why we are going ahead with our plans to reimagine how we create value for all our stakeholders,” Agbaje said.
He further noted that “making financial services work for customers goes beyond banking.”