By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its first quarter (Q1) report for the period ended march 31, 2015 climbed up 16.6 percent to N32.65 billion from N28.0 billion recorded the same period of last year.

Profit after tax (PAT) also increased 14.9 percent to N26.56 billion from N23.11 billion report in the Q1 of 2014.

Similarly, gross earnings grew from N67.57 billion in Q1 2014 to N79.01 billion in the review period; indicating a growth of 16.9 percent, according to the lender in a filing with the Nigerian Stock Exchange (NSE).

Share price of the bank at the end of today’s transaction on the Nigerian bourse increased by 1.25 percent to N28.35 from N28.00 reported the previous session; gaining 0.35 kobo.