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Earnings Flash: GTBank 2012 Net Income Arrives At N86.9 billion, Earnings Hit N222 billion

By on April 3, 2013

2012 will definitely go on record as one of the most profitable years for the banks. GTBank has reported a profit before tax of N103 billion.

The company’s net income for the year was N87 billion.

The company has announced a dividend of N1.30/share. The bank paid an interim dividend of N0.25 per share in 2012.

In its audited annual reports which were made available on Tuesday, the company reported gross earnings of N222 billion, representing a a 22% gorwth over the amount reported in 2011.

Impairment charges fell 96% to N835 million from N21 billion in the preceding period.

Credit Growth over the preceding year came in at 11%, with N783.9 billion loans and advances extended to customers in the private and public sector.