September 9, 2020/Cordros Report GUARANTY’s recently released audited H1-20 earnings which showed that the bank recorded a relatively weaker financial performance. While funded and non-funded income settled higher year-on-year, increased regulatory charges as well as VAT-induced cost increases resulted in the bank recording relatively weaker earnings. In our view, the […]

September 9, 2020/United Capital Report …Restructuring into a HoldCo Earlier, Guaranty Trust Bank (“GUARANTY” or “The Bank”) released its H1-2020 results, showing a 1.5%y/y increase in Gross Earnings (GE) to N225.1bn, despite pressure on interest and non-interest income amid extreme regulatory environment and global public health crisis. However, PBT and […]

September 8, 2020-United Capital Report In a class of its own Earlier, Stanbic IBTC Holding Plc (“STANBIC” or “The Group”) released its Audited H1 -2020 financial result, showing a 7.8%y/y expansion in Gross Earnings (GE) to N126.6bn. Notably, the Bank reported a decent top-line growth despite pressure on economic activities […]