Guaranty Trust Bank grew 13.26% PAT in Q3’2018

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Guaranty Trust Bank, one of the leading financial Institution in Nigeria released its Third Quarter 2018 Financial Statement on the 17th of October 2018.

In its unaudited result for the Nine months ended, September 30, 2018, Guaranty Trust Bank posted a 13.26 per cent rise in its profit-after-tax (PAT), closing at N142.22 billion from the previous close of N125.58. This can be traced to lower impairment charges and double digit increase in fee and commission income.

The earnings per share also appreciated by 1.12 percent to close at N4.83 from the previous EPS of N4.27 in the corresponding quarter in 2017

The current period’s PE Ratio is at 7.64x and the earnings yield at 13.10%.

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