GTBank Reports N601bn Profit in H1 2025, Declares Dividend
Guaranty Trust Bank (GTBank) reported a pre-tax profit of N601 billion in the first half of 2025, according to its unaudited financial results. Despite a decline in earnings compared to the same period in 2024, the bank's board approved an interim dividend per share.
The profit drop was attributed to a decrease in revenue, particularly from financial instruments like bonds and treasury bills. GTBank's net interest income increased significantly, while its loan impairment charge decreased, showcasing the bank's ability to manage credit risks.
The financial performance of GTBank in H1 2025 reflects the challenges and opportunities within the banking sector amid economic fluctuations.
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