Guaranty Trust Bank (GTB) Plc has posted a profit of ₦125.58 billion for the third quarter ended September 30, 2017.
This is contained in the bank’s filling at the Nigerian Stock Exchange NSE on Wednesday.
The report showed that the profit represented a growth of ₦8.49 billion or 7.21 per cent as against ₦117.08 billion achieved in the corresponding period of 2016.
Its profit before tax rose to ₦150.03 billion from ₦137.99 billion recorded in the preceding period of 2016.
Further analysis by the bank showed that total assets surged to ₦3.21 trillion from ₦3.12 trillion reported at the end of 2016 financial year.
The bank’s total liabilities inched up to ₦2.63 trillion from ₦2.61 trillion in Dec. 2016.
Also, the result showed that interest income surged to ₦248.270 billion from ₦181.91 billion in the comparative period of 2016.
Net interest income stood at ₦189.58 billion during the period under review from ₦132.75 billion in the preceding period.
Fee and commission income dropped from ₦50.410 billion reported last financial year to ₦39.676 billion while, Net fee and commission income declined to ₦37.977 billion in September this year from ₦48.134 billion reported in Dec. 2016.