Key Highlights 

- Gross Earnings decreased by 3.3% to N326.03bn from N337.27bn in Q3 2018
- Profit before Tax increased by 3.9% to N170.65bn from N164.25bn in Q3 2018
- Profit after Tax increased by 3.4% to N146.99bn from N142.22bn in Q3 2018
- Total Equity increased by 10.6% to N636.75bn from N575.57bn in Q3 2018

Guaranty Trust Bank Plc has reported a 3.2% YoY increase in Earning Per Share to N5.19 for 9M’19 in its latest filing with the Nigerian Stock Exchange (NSE). The growth in earnings can be attributed to stronger net fee and commission income (+22.9% YoY) as well as modest improvements in net interest income (1.3% YoY) and operating efficiency (the cost to income: -150 bps).

Gross loans to customers grew by 7.8% from H1’19 level to N1.5 trillion in 9M’19. This implies a year-to-date loan growth of 6.8% compared to the 1.0% contraction observed in H1’19. It appears, however, that the size and structure of this loan growth were not enough to enable the bank meet the new LDR requirement of the Central Bank of Nigeria (CBN), given that GUARANTY was one of the banks impacted by CBN’s LDR-related penalty. By our estimate, GUARANTY had an LDR of 63.8% (bank only) as at September 2019. This supports our view that the apex bank may have applied the more stringent loan to funding ratio in its evaluation.

Despite the growth in loans, NPL ratio declined from 7.3% in FY’18 to 5.6% in 9M’19. This eases our initial concern regarding the impact of the CBN’s credit creation drive on overall asset quality.

There is a sustained improvement in cost-to-income ratio to 36.5% in 9M’19 (H1’19: 37.2%; FY’18: 38.3%).

Annualised ROE and ROA, at 32.3% and 5.8% respectively, are currently ahead of FY’18 levels and management’s guidance for FY’19E.

There is a weakness in both net interest income (-2.7% QoQ) and non-interest revenue (-21.0% QoQ) in Q3’19 relative to other quarters.

The decline in non-interest income was largely driven by lower gross fees and commission income (-22.4% QoQ) and weaker net trading income (N155 million compared to N5.2 billion in Q2’19). Interest expense was also higher during the quarter, likely reflecting the 100bps increase in more expensive deposits.

SOURCE: https://brandspurng.com/2019/10/16/gtbank-releases-q3-2019-unaudited-results-reports-profit-after-tax-of-%e2%82%a6146-99-billion/

Banks are making profits while the customers are....

Una Don start

D

Innoson right now

zakim:
Banks are making profits while the customers are....

That's the dilemma we face in Nigeria.

Innoson see your bank

After all the invisible charges why won't they make profit?

Banks in Nigeria are the real Yahoo Yahoo

These banks are wicked. They keep laying off staffs despite declaring massive amount of profit every year.

Yet with poor salary scheme for staff's

jerrybakermillz:
Una Don start

Ok

Very good result... Very efficient bank compared to its peers.

OyiboOyibo:
Banks in Nigeria are the real Yahoo Yahoo

I swear

I can proudly say my money is a part of their profit. I used their atm twice and they charged me 65 naira each time meaning my 130 naira contributed to their huge profit

zakim:
Banks are making profits while the customers are....

seriously.

not bad if they're making profit. it's good as it'll encourage more business men and investors into the finance industry but when this profit is at expense of the customers, then something is very wrong.
Obviously it is

passyhansome:
You Mean INNOSON BANK PLC, When are they handing over fully to him

Dry

Their numbers are quite impressive. I am in awe of their efficiency.

zakim:
Banks are making profits while the customers are....

This doesn’t make any sense.

Innoson Gt bank Ltd.

Ravon:
Key Highlights 

- Gross Earnings decreased by 3.3% to N326.03bn from N337.27bn in Q3 2018
- Profit before Tax increased by 3.9% to N170.65bn from N164.25bn in Q3 2018
- Profit after Tax increased by 3.4% to N146.99bn from N142.22bn in Q3 2018
- Total Equity increased by 10.6% to N636.75bn from N575.57bn in Q3 2018

Guaranty Trust Bank Plc has reported a 3.2% YoY increase in Earning Per Share to N5.19 for 9M’19 in its latest filing with the Nigerian Stock Exchange (NSE). The growth in earnings can be attributed to stronger net fee and commission income (+22.9% YoY) as well as modest improvements in net interest income (1.3% YoY) and operating efficiency (the cost to income: -150 bps).

Gross loans to customers grew by 7.8% from H1’19 level to N1.5 trillion in 9M’19. This implies a year-to-date loan growth of 6.8% compared to the 1.0% contraction observed in H1’19. It appears, however, that the size and structure of this loan growth were not enough to enable the bank meet the new LDR requirement of the Central Bank of Nigeria (CBN), given that GUARANTY was one of the banks impacted by CBN’s LDR-related penalty. By our estimate, GUARANTY had an LDR of 63.8% (bank only) as at September 2019. This supports our view that the apex bank may have applied the more stringent loan to funding ratio in its evaluation.

Despite the growth in loans, NPL ratio declined from 7.3% in FY’18 to 5.6% in 9M’19. This eases our initial concern regarding the impact of the CBN’s credit creation drive on overall asset quality.

There is a sustained improvement in cost-to-income ratio to 36.5% in 9M’19 (H1’19: 37.2%; FY’18: 38.3%).

Annualised ROE and ROA, at 32.3% and 5.8% respectively, are currently ahead of FY’18 levels and management’s guidance for FY’19E.

There is a weakness in both net interest income (-2.7% QoQ) and non-interest revenue (-21.0% QoQ) in Q3’19 relative to other quarters.

The decline in non-interest income was largely driven by lower gross fees and commission income (-22.4% QoQ) and weaker net trading income (N155 million compared to N5.2 billion in Q2’19). Interest expense was also higher during the quarter, likely reflecting the 100bps increase in more expensive deposits.

SOURCE: https://brandspurng.com/2019/10/16/gtbank-releases-q3-2019-unaudited-results-reports-profit-after-tax-of-%e2%82%a6146-99-billion/

The level of profits these banks declares does not reflect in the financials of the people

the question is who and where are they making these money from when they dont lend to the people

Innoson should worry then

Stupid bank, the only Nigeria bank that doesn't give out loans.

Josh44s:
They should return back my 5k dey debited my wife when she used their atm card going 3 months now. Ole bank

And many other 5ks they stole from other people.



Hence their Ridiculously Gigantic Profit.

Make una pay innoson na.

Lmaooooo

MrStan11:
Make una pay innoson

Let him come and collect the money na.

That's one of the best bank in Nigeria

Their crowd is much, go to ikotun branch and see
The meaning of crowd

If you are operating with GTbank go to innoson purchase any car of your choice and pay at your own convenient time