Guaranty Trust Bank posts N146.99bn profit in nine months

Guaranty Trust Bank on October 16, 2019 released its Third Quarter report for the period ended, September 30, 2019.

The financial giant recorded a profit after tax of N146.99 billion, up by 3.35% from N142.2 billion recorded in the third quarter of 2018.

Interest income for the period under review declined by 5.62% to settle at N224.2 billion against the previous close of N237.5 billion the previous year.

Earnings per share grew to N4.99 from the previous earnings per share of N4.83 in the third quarter of 2018.

With reference to the share price of N27, the P. E ratio of Guaranty Trust Bank stands at 5.41x with earnings yield of 18.48%.

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