GTBank Net Income Swells to N 19.3 Billion in Q1, 2012 Earnings
GTBank, one of the country’s finest lending institutions, recently released its earnings report for the first quarter of 2012.
The company recorded gross earnings of N 52 billion, up 22% from N 43 billion made in Q1, 2011.
Interest income also grew 45% to N 40 billion from N 28 billion in Q1, 2011.
Profit before tax grew 35.7% to N 24.3 billion from N 17.9 billion over the same period in the preceding year.
Net Income was up 34.8% to N 19 billion from N 14 billion in Q1, 2011.
The company increased its investments in fixed assets by 12.7% to N 58 billion from N 51 billion in Q1, 2011.
Also its loan book also grew 5% to N 741 billion from N 707 billion over the same period in the preceding year.
-
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
-
The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
-
Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
-
NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
