Gtco Grows Profit By 107.8 To N1.26trn

gtco grows profit by 1078 to n126trn
1 Days(s) Ago 👁 32

Pays shareholders N8.03k dividend

Guaranty Trust HoldingCompany Plc, GTCO, has recorded 107.8 per cent growth in profit before tax to N1.266 trillion in the year ended December 31st 2024 from N609.3 billion recorded in 2023.

The bank holding company in its audited and consolidated and separate financial statements for the year ended December 31, 2024, released to the Nigerian Exchange Group NGX and London Stock Exchange LSE, said it recorded growth across all financial and non-financial metrics, and continues to maintain a well-structured, healthy, and diversified balance sheet .

The groups loan book net increased by 12.3 to N2.79 trillion in December 2024 from N2.48 trillion in December 2023, while deposit liabilities grew by 37.8 to N10.40 trillion from N7.55 trillion during the same period. Total assets and shareholders funds closed at N14.8 trillion and N2.7 trillion, respectively.

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