GUARANTY TRUST BANK PLC AUDITED HALF YEAR RESULTS FOR THE PERIOD ENDED 30TH JUNE, 2020
GUARANTY TRUST BANK PLC AUDITED HALF YEAR RESULTS FOR THE PERIOD ENDED 30TH JUNE, 2020
GUARANTY TRUST BANK PLC
AUDITED HALF YEAR RESULTS FOR THE PERIOD ENDED 30TH JUNE, 2020
Current Price (N)
25.65
52 Weeks High/Low (N)
34.40 / 16.70
Shares Outstanding
29,431,179,224
Market Capitalisation
754,909,747,095.60
Period
HY’20
HY’19
% Growth
Income Statement
N’ Million
N’ Million
Gross Earnings
225,138.82
221,869.55
1.47
Interest Income
153,708.48
148,992.66
3.17
Interest Expense
(26,093.02)
(32,627.90)
-20.03
Net interest Income
127,615.46
116,364.76
9.67
Loan impairment charges
(6,769.09)
(2,186.03)
209.65
Net interest income after loan impairment charges
120,846.37
114,178.73
5.84
Fee and Commission Income
24,729.06
35,348.97
-30.04
Fee and Commission Expense
(2,435.03)
(1,505.14)
61.78
Net fee and commission income
22,294.03
33,843.83
-34.13
Right of use asset amortisation
(958.62)
(1,230.47)
-22.09
Net gains/(losses) on financial instru. classified as held for trading
10,791.31
9,488.46
13.73
Other income
35,909.97
28,039.45
28.07
Net impairment on other financial assets
3,180.08
108.45
2832.43
Personnel expenses
(18,775.72)
(18,578.60)
1.06
Operating lease expenses
–
–
–
Depreciation and amortization
(14,024.67)
(10,622.86)
32.02
Other operating expenses
(49,548.90)
(39,439.64)
25.63
Profit Before Income Tax
109,713.84
115,787.34
-5.25
Income Tax Expense
(15,442.83)
(16,654.11)
-7.27
Profit for the Period
94,271.01
99,133.24
-4.90
Profit attributable to:
Equity holders of the parent entity
93,366.69
98,339.51
-5.06
Non-controlling interests
904.32
793.73
13.93
Balance Sheet
HY’20
HY’19
% Growth
N’ Million
N’ Million
Loans and Advancement to Customers
1,623,095.26
1,272,857.99
27.52
Deposits from Customers
3,001,339.83
2,417,809.97
24.13
Total Asset
4,511,323.61
3,598,112.66
25.38
Total Liabilities
3,790,389.74
2,995,101.98
26.55
Shareholders’ Fund
720,933.87
603,010.68
19.56
Per Share Data
HY’20
HY’19
% Growth
Earnings Per Share (EPS) – Basic and Diluted (N)
3.32
3.50
-5.06
P.E (x)
7.72
7.33
5.33
PBT Margin (%)
48.73%
52.19%
-3.46
PAT Margin (%)
41.87%
44.68%
-2.81
Net Asset Per Share (N)
24.50
20.49
19.56
ROA%
2.09%
2.76%
-0.67
ROE %
13.08%
16.44%
-3.36
Corporate Action
HY’20
HY’19
Interim Dividend (Naira)
0.30
0.30
–
Closure Date
September 15, 2020
Payment Date
September 21, 2020