The Board of Directors of GTBank Plc has announced that it would meet to consider the close period of trading with effect from January 7, 2020, in respect of the audited financial statements for the year ended December 31, 2019.
This was disclosed in a notification which was sent to the Nigerian Stock Exchange (NSE).
The close period will allow the board to consider the company’s unaudited financial statements for the fourth quarter and a full year. Other company issues will also be discussed during the meetings.
A review of the bank’s financial results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Profit before tax stood at ₦170.7billion, representing a growth of 3.9% over ₦164.2billion recorded in the corresponding period of September 2018.
The Bank’s Loan Book grew by 9.2% from ₦1.262trillion recorded as at December 2018 to ₦1.378trillion in September 2019, while customers’ deposit rose by 5.1% to ₦2.390trillion from ₦2.274trillion in December 2018. The Bank’s balance sheet remained resilient with Total assets and Shareholders’ Funds closing at ₦3.519trillion and ₦636.8Billion respectively.