GT Releases PAT Of N146.9billion For 2019 Third Quarter

Information just reaching us has it that Guaranty Trust Bank Plc has disclosed a Profit After Tax (PAT) of N146.9 billion in the third quarter of 2019, which represents an increase of 3.3 per cent from N142.2 billion the financial institution recorded in the third quarter of 2018. The deposit Money Bank (DMB) is among the first few Nigerian companies to release their unaudited financial results for the third quarter period, which ended on September 31, 2019.

The result shows that the company performed relatively well across all major financial indicators. The financial statement also showed that the Guaranty Trust Bank Plc generated N172.9 billion in net interest income over the past nine months of 2019. This is indicative of 1.3 per cent increase compared to N170.6 billion, which the bank generated in the third quarter of 2018.

The result also showed that the bank also generated a net fee and commission income of N46.5billion for in the third quarter 2019 as against N37.8billion for the same period of 2018. This represents approximately a 23 per cent increase.

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