EARNINGS ALERT -Thursday, August 9, 2018

GUARANTY TRUST BANK PLC recently released its audited Q2 2018 results with EPS of N3.38. Please find attached the full result of GUARANTY TRUST BANK PLC as released on the NSE and see key highlights below:

  • Gross earnings grew marginally by 5.85% to N226.63bn in Q2 2018.
  • Fee and commission income grew by 13.89% to N25.91bn from N22.75bn in Q2 2017
  • Impairment loss on loan declined significantly by 71.83% to N2.03 billion (N7.21bn in June 2017) as the Bank’s loan book dipped by 10.8%
  • Other income was up by 31.38% to N24.75bn (N18.83bn in June 2017) .This is boosted by foreign exchange gain of N9.5bn as against N3.63bn in Q2 2017

Corporate Action
Proposed Interim Dividend(Kobo)                   30
Closure Date                                                   August 22, 2018
Payment Date                                                 August 30, 2018

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