Guaranty Trust Holding Company (GTCO) netted N367.4 billion for the first nine months of the year, its biggest after-tax profit on record, according to its earnings report published Tuesday.
The group outperformed the figure for the same period of 2022 by 181.9 per cent.
The strong result already puts in the shade the entire net profit of Nigeria’s biggest bank by market value for last year, when just N169.2 billion was recorded, and sets it on track for a more vibrant earnings performance when 2023 winds down.
