Investment in technology, product development others lift GTCO's H1 PBT by 217.1% | The Guardian Nigeria News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 94%

México Noticias Noticias

México Últimas Noticias,México Titulares

Guaranty Trust Holding Company Plc (GTCO) has posted a profit before tax (PBT) of ₦327.4 billion in its half year (H1) operations, against ₦103.2 billion achieved in the corresponding period in 2022.

Specifically, the bank’s audited result for June 30, 2023 period showed 217.1 per cent rise in PBT to ₦327.4 billion from ₦103.2 billion posted in 2022 while Group’s loan book increased by 22.8 per cent from ₦1.89 trillion recorded as at December 2022 to ₦2.32 trillion in June 2023.

The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing at ₦8.5 trillion and ₦1.2 trillion, respectively. The Group Return on Equity stood at 61.4 per cent while Pre-Tax Return on Assets and Capital Adequacy Ratio closed at 8.8 per cent and 24.7 per cent. Cost to Income ratio also stood at 27.7 per cent within the period.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 1. in MX

México Últimas Noticias, México Titulares