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Total interest income for GTCO leapt 161.7 per cent to N950.9 billion in the period under review, according to its newly issued earnings report.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.Subsidiaries outside Nigeria, where GTCO’s presence spans nine African markets and the UK, accounted for 43.2 per cent of total interest income compared to 37.
Profit before tax for the review period climbed to N1.2 trillion from N433.2 billion. Total assets rose 61 per cent to N15.6 trillion.Guaranty Trust Bank, the banking subsidiary of GTCO, has been facing a litany of complaints from customers in the last few weeks. At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.