GUARANTY TRUST BANK PLC. (GUARANTY) Stock

[Admin]

Company Name: GUARANTY TRUST BANK PLC. (GUARANTY)
Ticker: GUARANTY
Market Classification: Main Board
Sector: FINANCIAL SERVICES
Sub Sector: Banking
Nature of Business: Commercial Banking
Company Address: Plot 635, Akin Adesola Street, Victoria Island, Lagos
Telephone: 014480740
Fax: 012793341
Email: olutola.omotola@gtbank.com
Auditor: PricewaterhouseCoopers
Registrar: Datamax Registrars Limited
Company Secretary: Erhi Obebeduo, OLutola Omotola
Date Listed: September 9th 1996
Date of Incorporation: July 20th 1990
Website:
Board Of Directors:
HARUNA MUSA, MR. ADEBAYO ADEOLA, MR. ADEBOWALE OYEDEJI, Mr. Babatunde Soyoye, MR. DEMOLA ODEYEMI, MR. IBRAHIM HASSAN, Mr. Mobolaji Jubril Lawal, MR. OLABODE AGUSTO, MR. OLUSEGUN AGBAJE, MRS. OLUTOLA OMOTOLA, Ms. Imoni Lolia Akpofure, Olusola Hezekiah Oyinlola, OSARETIN AFUSAT DEMUREN

Trading Information
Trading Name: GUARANTY TRUST BANK PLC. (GUARANTY)
Ticker Symbol: GUARANTY
Sector: FINANCIAL SERVICES
Sub Sector: Banking
Market Classification: Main Board
Market Cap (Mil.): 644,542,825,005.60
Shares Outstanding (Mil.): 29,431,179,224

 

[Admin]

• Strong Earnings
  • Profit Before Tax of N231.7bn (31 December 2018: N215.6bn) an increase of 7.5%.
  • Profit After Tax improved by 6.6% to N196.8bn from N184.7bn of 31 December 2018.
  • Earnings per share of 696kobo compared to 654kobo per share of 31 December 2018.
  • Final dividend of 250kobo per share.
• Revenue
  • Interest Income of N296.2bn (31 December 2018: N307.0bn) down 3.5% as a result
    of 4.8% and 1.8% dip in interest income on loans and advances and investment securities respectively.
    
    
  • Non-Interest Income of N139.1bn (31 December 2018: N127.7bn) up 8.9%. The Non- interest income growth resulted largely from 19.2% increase in Fee and Commission Income, as well as 1.7% growth in Other Income comprising recoveries, discounts, rebate & mark to market gains on trading investments.
  • Net Interest Margin remained strong at 9.3% (31 December 2018: 9.2%).
• Balance Sheet
  • Total assets of N3.759trn (31 December 2018: N3.287trn) up 14.3%
  • Net loans and advances of N1.502trn (31 December 2018: N1.262trn) up 19.0%.
  • Deposits from customers of N2.533trn (31 December 2018: N2.274trn) up 11.4%.
• Credit Quality - Non-performing Loans to total loans improved to 6.5% from 7.3% as at 31 December 2018.
  • Coverage for lifetime credit impaired loans at 126.6% (31 December 2018:
    105.1%)
    
    
  • Cost of Risk at 0.3% (31 Dec 2018: 0.3%).
• Continued focus on efficiency
  • Cost to Income of 36.1% (31 Dec 2018: 37.1%).
• Subsidiaries
  • Contribution to PBT from subsidiaries at 14.9% from 12.1% in December 2018.

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[Admin]

Even GT bank want Dollars so why shouldn’t you? “ Dear customers your monthly spending limit has been reduced to $500 from $1,500.

 

[Admin]

 

[Godspower]

Even GT bank want Dollars so why shouldn’t you? “ Dear customers your monthly spending limit has been reduced to $500 from $1,500.

This should be for customers with $ account or all type of account holders?

 

[Godspower]

I also think GTB is doing better than UBA right now