GTBank records N52.6b profit in 2017

Top Nigeria’s brand in the banking industry, GTB PLC has recorded modest growths in key performance indicators in the first quarter of this year.

GTB, which is rated as Nigeria’s most capitalised financial institution, records a pre-tax profit for the three-month period rising to N52.62 billion.

Key extracts of the interim report and accounts of GTB for the first quarter ended march 31, 2018 released at the Nigerian stock exchange (NSE) showed that gross earnings rose to N108.97 billion in first quarter 2018.

this is  against N104.13 billion recorded in first quarter 2017.

profit before tax also improved from n50.39 billion in first quarter 2017 to n52.62 billion in first quarter 2018.

After taxes, net profit rose from N41.48 billion in first quarter 2017 to N44.67 billion in first quarter 2018.

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