Updated: GTBank reports N200.24 billion pre-tax profit for 2017

Updated: GTBank reports N200.24 billion pre-tax profit for 2017

One of the largest lenders in Nigeria, GTBank said made a total of N200.24 billion as pre-tax profit for the full year of 2017.

The company’s result shows that its profit has grown significantly showing that it made N165.14 billion as profit before tax in 2016.

Gross earnings came in at N419.23 billion compared to N414.62 billion disclosed the year before.

Commenting on the financial results, the Managing Director/CEO of Guaranty Trust Bank plc, Mr. Segun Agbaje, said; “2017 was a pivotal year for the bank. We delivered a strong result in a challenging environment; achieving record growth in earnings, carefully managing cost margins and leveraging our digital-first customer-centric strategy to deliver world-class services that are simple, cheap and easily accessible.”

He further stated that “The result demonstrates the fundamental strength of our franchise as well as the progress we are making in transforming our organization into a platform on which our customers could build their businesses, connect with their consumers and access all the resources that they need to make their lives better.”