Guaranty Trust Bank on Wednesday reported 91.38
billion naira half-year pre-tax profit, more than 63.11
billion declared in 2015.
The leading fintech bank and one of the largest
banks in Nigeria announced net interest income of
79.12 billion naira, slightly below 80.12 naira
recorded a year ago.
banks in Nigeria announced net interest income of
79.12 billion naira, slightly below 80.12 naira
recorded a year ago.
In the first quarter of the year, when GTBank
announced 30.68 billion profit. First Bank of
Nigeria, one of the biggest banks reported a 82
percent drop in profit in the same period, while
other banks like Skye Bank were rescued by
AMCON.
Even though, most financial institutions in Nigeria
are struggling to cope with the current economic
downturn in the nation, GTBank has proved its
leadership through consistency and implementation
of modern financial technology that has helped
reach a wider audience.
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