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Nairaland Forum / Nairaland / General / Business / Gtbank Loses N35.55bn In Failed Treasury Bills, Bonds Investments (295 Views)
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Gtbank Loses N35.55bn In Failed Treasury Bills, Bonds Investments by AlarinkaOla: 6:08pm On Apr 19, 2023 |
Guaranty Trust Bank (GTBank), a subsidiary of Guaranty Trust Holding Company (GTCO) lost N35.55 billion in failed securities investments in Ghana for the financial period of 2022, Ripples Nigeria has learnt. GTBank had invested in several securities offered by the Ghanaian government; Treasury bills, Eurobonds, Local US bonds and Cedis bonds. According to the company’s financial reports released on April 14, the investments were made through GTBank Nigeria and its subsidiaries, GTBank Sierra Leone, GTBank Liberia, and GTBank Rwanda. About N167.55 billion was held by GTBank in these investment instruments for profits, however, the financial institution recorded losses in every debt security investment. According to the breakdown of the investments in the debt securities, GTBank had a total investment value of N34.71 billion in Treasury bills, but at the end of the year (2022), it lost N986.88 million, leaving the firm with... https://www.ripplesnigeria.com/gtbank-loses-n35-55bn-in-failed-treasury-bills-bonds-investments/
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Re: Gtbank Loses N35.55bn In Failed Treasury Bills, Bonds Investments by slivertongue: 6:10pm On Apr 19, 2023 |
hmm |
Re: Gtbank Loses N35.55bn In Failed Treasury Bills, Bonds Investments by gaby(m): 6:17pm On Apr 19, 2023 |
Gargantuan gbege for GT bank. Make dem sha no increase their bank charges oh.. |
Re: Gtbank Loses N35.55bn In Failed Treasury Bills, Bonds Investments by Acidosis(m): 6:26pm On Apr 19, 2023 |
Treasury bills dey fail? What sort of country is that? 1 Like |
Re: Gtbank Loses N35.55bn In Failed Treasury Bills, Bonds Investments by MrBroke(m): 8:48am On Apr 20, 2023 |
Acidosis: How the Bleep can a Treasury Bill investment come out negative. Hmmm. Even heaven self no dey safe 9 b that ![]() |
Re: Gtbank Loses N35.55bn In Failed Treasury Bills, Bonds Investments by paskal16: 9:02am On Apr 20, 2023 |
Treasury bills are zero risk investments na Nawa o Seems the Ghanaian government backing is worthless |
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