Guaranty Trust Holding Company Plc (GTCO) has recently released its unaudited consolidated and separate financial statements for the period that ended on September 30, 2023.
The Group released the results to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), and it reported profit before tax (PBT) of N433.2 billion, which signifies a 155.2% rise from the record of the corresponding period that ended September 2022 with a total of N169.7 billion in profit before tax.
GTCO's loan book (net) increased by 17.7%, far from the N1.89 trillion that was recorded in December 2022; the Group said that the loan book (net) increased to N2.22 trillion in September 2023, while deposit liabilities rose by 3.7% from the N4.61 trillion recorded in December 2022 to N6.36 trillion in September 2023.
The Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Segun Agbaje, said,
- Our 3rd Quarter performance underpins our strategic positioning as a leading financial holding company and reaffirms our strong capabilities to successfully navigate the challenges in our operating environment.
- Going into the final quarter of the year, we will continue to leverage the strengths within our growing financial services ecosystem to improve our products and service offerings, enhance the customer experience, and maximise shareholder value.
Read more: https://www.investingport.com/guara...-shows-that-the-group-rose-in-pre-tax-profit/