Guaranty Trust Holding Company GTCO Plc, has recorded 184.5 per cent increase in its Profit Before Tax, PBT to N609.3 billion in the financial year ended December 2023 from N214.2 billion in 2022.
This was disclosed in its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2023, sent to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
The result showed that the Group’s loan book (net) increased by 31.5% to N2.48 trillion in 2023 from N1.89 trillion 2022 while deposit liabilities grew by 63.7% to N7.55 trillion from N4.61 trillion.
