By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its nine months profit for the period ended September 30, 2016 increased 59.6 percent to N119.9 billion from N75.2 billion recorded a year ago.

Also, profit before tax (PBT) grew 53.0 percent to N140.8 billion from N92.1 billion reported in the corresponding period of 2015.

Gross earnings of the lender increased from N229.4 billion in 2015 to N329.3 billion in the review period of 2016; indicating 43.6 percent growth, GTBank said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the Bank performed woefully at the close of the session on the domestic bourse declining 0.21 percent to N23.30 from N23.35 recorded previously; losing 0.05 kobo per share.

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