By InvestAdvocate Lagos (INVESTADVOCATE)-Mid-tier lender, Wema Bank Plc said on Friday its pretax profit for the nine-month period ended September 30, 2016 declined 2.22 percent to N1.49 billion from N1.53 billion recorded a year ago. Profit after tax (PAT) in the review period dropped 2.31 percent to N1.26 billion from […]
Results & Dividends
GUARANTY Shares Rated Neutral; Reports Significant Increase in Loan Loss Provisions in Q3’16 Results
Culled—Proshare October 19, 2016/FBNQuest Research Event: GT Bank reports Q3 2016 results Implications: Positive reaction by the market likely Positives: Strong non-interest income of N46.3bn, up +184% y/y Negatives: A significant increase (+662% y/y) in loan loss provisions GT Bank’s Q3 2016 results which were published today showed a very […]
GTBank Says 2016 Nine Months Profit Up
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 […]
