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News Update (September 17, 2009 05:06 PM...)

GTBank H1 pre-tax profit down 30%


Nigeria's Guaranty Trust Bank said on Thursday pre-tax profit in its half year to June 30 slipped 30 percent to N8.32 billion ($55 million).

GT Bank said in a filing to the stock exchange that it had made loan loss provisions of 20.79 billion naira, as recommended by a central bank audit.

It said gross earnings rose to N85.09 billion in the period from 36.08 billion a year ago.

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