Tag: Guaranty Trust Bank Plc

GTCO Plc to pay 30 kobo interim dividend for H1 2021

Chidi Emenike Leave a comment

Guaranty Trust Holding Company Plc (GTCO) has proposed an interim dividend of 30 kobo per 50 kobo ordinary share for the first half of the year ended 30 June, 2021.

The proposed dividend is subject to appropriate withholding tax, with a qualification date of September 27, 2021.

On Tuesday October 12, 2021, the dividend which amounts to N8.83 billion will be disbursed electronically to ordinary shareholders whose names appear on the Register of Members as at Monday, September 27, 2021, and who have completed the e-dividend registration and mandated their Registrar to pay their dividends directly into their bank accounts. Holders of GTCO’s GDR listed on the London Stock Exchange will also receive their dividend payment subsequently.

The bank’s registrar is Datamax Registrars Limited. The e-dividend mandate form can be downloaded or filled online on the registrar’s website HERE, or on GTCO’s website.

Garanty Trust Holding Company has 29,431,179,224 outstanding shares and a market capitalization of N797.58 billion as at the time of filing this report. The bank’s shares opened trading on 10th of September, 2021 at N27.10 per share.

In case you missed it: GTCO had earlier released its interim financial results for the half year period ended 30 June, 32021. Its profit after tax declined by 16% to N79.4 billion, just as Earnings per share printed N2.79 as against N3.32 recorded in corresponding period of last year.

2021 H1 Results: GTCO Plc’s profit after tax declines by 16% to N79.4 billion.

Chidi Emenike Leave a comment

Guaranty Trust Holding Company Plc (GTCO Plc) released its interim financial results for the half year period ended 30th of June, 2021.

  • Net interest income after adjusting for loan impairments was N102.3 billion. (-15.3% YoY)
  • Net fee and commission income of N36.86 billion. (+53.4% YoY)
  • Personnel expenses totalled N17.23 billion. (-1.2% YoY)
  • Customers’ deposits during the period stood at N3.63 trillion.
  • Profit after tax was N79.4 billion. (-15.8% YoY)
  • Earnings per share of N2.79 Vs N3.32 YoY.

See link to results.

NGX Suspends Trading on GTB Shares ahead of Holdco listing.

Chidi Emenike Leave a comment

The Nigerian Exchange Group Limited (NGX) has suspended trading in the shares of GT Bank Plc, ahead of its listing as a holding company.

This was disclosed by the head of listings and regulation department of the NGX, Godstime Iwenekhai, through a bulletin issued on Friday.

Commenting on the recent development, Iwenekhai said: “Trading License Holders and the investing public are hereby notified that trading in the shares of Guaranty Trust Bank Plc (the Bank) was suspended today, Friday, 18 June 2021.

“The suspension is necessary to prevent trading in the shares of the Bank in preparation for the eventual delisting of Guaranty Trust Bank Plc from the Daily Official List of the Nigerian Exchange Limited (NGX) and listing of the Holding Company, Guaranty Trust Holding Company Plc on NGX.”

Recall that GTBank had earlier obtained a regulatory approval-in-principle (AIP) to restructure into a financial holding company (Holdco), following shareholders and investors approval. In line with the development, investors approved the transfer of 29,431,179,224 ordinary shares of 50 kobo each in the issued and paid-up share capital of the bank held by them to Guaranty Trust Holding Company Plc.

What you should know:

  • Given the recent development, GT Bank will join the growing list of financial holding companies in Nigeria, such as: FBN Holdings Plc, FCMB Group Plc , Stanbic IBTC Holdings Plc and Access Bank Plc (still in process)
  • With its new status as a holding company, the bank will be able to diversify into other allied businesses like asset management, insurance, payment service and even pension management.

.

GT Bank records a 9% dip in profit to N45.55 billion in Q1 2021.

Chidi Emenike Leave a comment

Guaranty Trust Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income after loan impairment charges was N50.57 billion. (-19.8% YoY)
  • Net fee and commission income of N14.61 billion. (+7.8% YoY)
  • Personnel expenses totalled N9.97 billion. (+7.91% YoY)
  • Customers’ deposits during the period increased to N3.6 trillion
  • Profit for the period was N45.55 billion. (-9.03% YoY)
  • Earnings per share of N1.60 Vs N1.77 YoY.

See link to results.

2020 FY Results: GT Bank posts N201 billion profit after tax.

Blurb 1 Comment

GT Bank Plc released its full-year results for the year ended 31 December 2020.

  • Net interest income after adjusting for loan impairments was N234.1 billion. (+3.4% YoY)
  • Net fee and commission income was N46.94 billion. (-21.04% YoY)
  • Personnel expenses incurred was N37.61 billion. (+0.9% YoY)
  • Profit before tax was N238.1 billion. (+2.8% YoY)
  • Profit after tax was N201.44 billion. (+2.3% YoY)
  • Earnings per share was N7.11. (+2.16% YoY)
  • Customers’ deposits totaled N3.51 trillion. (+38.6% YoY)
  • A final dividend of N2.70 was announced.

See link to results