GTBank grew revenue earlier than tax to N167.352 billion within the first 9 months of the yr, based on the financial institution’s newest monetary statements.
Within the unaudited monetary statements, the financial institution’s revenue earlier than tax declined by 1.9 % from N170.652 billion recorded in the identical interval of 2019.
Gross earnings rose by 1.3 % from N324 billion filed within the corresponding interval of 2019 to N328 billion within the interval below overview. Internet charge earnings contracted to N33 billion, down from N46 billion in 2019.
Revenue after tax declined by 3.2 % to N142.283 billion throughout the interval below overview from the N146.989 billion filed in the identical interval of 2019.
Talking the outcomes, the Managing Director/CEO of GTBank Plc, Mr. Segun Agbaje, stated: “Our third quarter result is a reflection of how we have appropriately positioned our balance sheet to cope with current economic realities and the challenging business environment. It is also testament to the enduring loyalty of our customers, the hard work and dedication of our staff and the unwavering support we continue to enjoy from all our stakeholders in our drive to deliver best-in-class financial services and superior and sustainable returns.”
Agbaje added that “as an organisation, they will continue to build on their commitment to enriching lives by leveraging our digital-first customer-centric strategy to improve customer experience and maintain a high standard in service delivery, and going beyond banking to create and drive innovative financial solutions that add value to our customers in all aspects of their lives.”