GTBank Grows Revenue Earlier than Tax to N167.4 Billion in 9 Months

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GTBank grew revenue prior to tax to N167.352 billion inside the primary 9 months of the yr, primarily based totally on the financial institution’s newest monetary statements.

All through the unaudited monetary statements, the financial institution’s revenue prior to tax declined by 1.9 % from N170.652 billion recorded inside the equal interval of 2019.

Gross earnings rose by 1.3 % from N324 billion filed contained in the corresponding interval of 2019 to N328 billion contained in the interval beneath overview. Net value earnings contracted to N33 billion, down from N46 billion in 2019.

Revenue after tax declined by 3.2 % to N142.283 billion all by means of the interval beneath overview from the N146.989 billion filed inside the equal interval of 2019.

Talking the outcomes, the Managing Director/CEO of GTBank Plc, Mr. Segun Agbaje, acknowledged: “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.”