Profit Dip As Gtb Post N93.1 Billion In Six Month

Guaranty Trust Bank, now Guaranty Trust Holding Company Plc, has posted a profit before tax of N93.1 billion for the six months ended June 30, according to the Group Chief Executive Officer of Guaranty Trust Holding, Mr Segun Agbaje.

Disclosing the company’s audited financial results for the period ended June 30, on Friday, in Lagos, Agbaje noted that the group’s PBT represented a decrease of 15.2 per cent, when compared to the N109.7 billion recorded in the same period in 2020.

Also, profits in the period under review dipped to N79.41 billion from N94.27 billion achieved in the same period of 2020.

Agbaje said, “The results reflect our commitment to building on our track record of solid financial performance, and our capability to constantly innovate will ensure we stay ahead of the curve at all times.

“We are counting on the enduring support of our loyal customers and the hard work of our dedicated staff to continually make end-to-end financial services easily accessible to everyone and to create the best outcomes for all our customers and the communities in which we operate.

“Looking forward, we are focused on bringing to bear the full benefits of our new corporate structure by consolidating our leading position in all the economies where our franchise operates.

“We will also diversify our earnings from core banking, continue to empower businesses across Africa and beyond, and generate long-term returns for our shareholders,” he said.

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