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Guarantee Trust Bank (GTB) has declared a profit after tax (PAT) of N77.46bn for the second quarter 2016, primarily GENERATED THROUGH growth in fee and commission income.
This was contained in the bank’s Q2 results published on the website of the Nigerian Stock Exchange (NSE), yesterday. The development followed an audit of its financial statements and account, which was considered and approved by its board of directors during a meeting on July 27, 2016.
The result showed a gross earning of N209bn, a 37 percent increase from ₦153bn reported in the June 2015, which also saw the bank record a profit before tax of N91.3bn, compared with the N63.1bn recoded within a similar period in 2015. Daily Trust