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GTBank Records N324bn Revenue, N147bn Profit In 9 Months

GTBank Records N324bn Revenue, N147bn Profit In 9 Months   Guaranty Trust Bank Plc (GTBank) Wednesday released its unaudited financial results for the nine months ended September 30, 2019, showing gross earnings of N324.262 billion. This was down three per cent from N334.711 billion in the...

GTBank Recommends N8.8bn Interim Dividend, Posts N109bn Profit

GTBank Recommends N8.8bn Interim Dividend, Posts N109bn Profit Guaranty Trust Bank Plc wednesday released its audited financial results for the half year(H1) ended June 30, 2018, showing positive performance across all financial indices. The board of directors of the bank also recommended an interim dividend...

Innoson Owner Accuses EFCC Of Double Standards In Dispute With GTBank

Innoson Owner Accuses EFCC Of Double Standards In Dispute With GTBank The Chairman/Managing Director of Innoson Vehicle Manufacturing, (IVM), Chief Innocent Chukwuma, yesterday in Enugu accused the Economic and Financial Crimes Commission (EFCC) of double standards in its involvement in the lingering dispute between his...

Banks remove $1.2b 9Mobile debt from books

The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year. The mobile company took the loan four years ago from a consortium of...

GTBank Owed $138m by Etisalat

Guaranty Trust Bank Plc (GTBank) is exposed to Etisalat Nigeria to the tune of N42 billion ($138 million) via a secured loan. According to Reuters, the Chief Executive Officer, GTBank, Mr. Segun Agbaje, who disclosed this, said the debt would be restructured. The Nigerian affiliate of...