…….. Reports Profit before Tax of 115.8Billion ₦Lagos, Nigeria – August, 2019Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2019 tothe Nigerian and London Stock Exchanges. The half year result shows positive growth across key financial metrics and reflects GTBank’s leadingposition as one of the best managed financial institutions in Africa. The Bank reported a Profit before Taxof 115.8billion, representing a growth of 5.6% over 109.6billion recorded in the corresponding period of₦ ₦2018. The Bank’s loan book grew by 1.0% from 1.262trillion recorded as at December 2018 to₦1.274trillion in June 2019 and customer deposits increased by 6.3% to 2.418trillion from 2.274trillion₦ ₦ ₦in December 2018.The Bank closed the half year ended June 2019 with Total Assets of 3.598trillion and Shareholders’₦Funds of 603.0Billion. In terms of Asset quality, NPL ratio and Cost of Risk improved to 6.8% and 0.2%₦in June 2019 from 7.3% and 0.3% in December 2018 respectively. Overall, asset quality remains stablewith adequate coverage of 84.7%, while Capital remains strong with CAR of 23.5%. On the backdrop ofthis result, Return on Equity (ROAE) and Return on Assets (ROAA) stood at 33.7% and 5.8%respectively. The Bank is proposing an interim dividend of 30kobo per ordinary share of 50 kobo each forperiod ended June 30, 2019.Commenting on the financial results, the Chief Executive Officer of Guaranty Trust Bank plc, SegunAgbaje, said; “We have delivered a good result inspite of a challenging market, characterized by varyingdegrees of uncertainty and a rapidly changing competitive landscape. Our strong financial performance isunderpinned by our unwavering focus on delivering value for our shareholders and reimagining the rolewe play in our customers’ lives.”He further stated that “In a rapidly changing world and increasingly unpredictable environment, we arecommitted to building a long-term business that is both nimble and focused on flawless execution. Theprogress that we have made over the past six months demonstrates that we have the right strategy andthe dedicated team to deliver for all our stakeholders, even in difficult conditions.”The Bank has continued to report the best financial ratios for a Financial Institution in the industry with areturn on equity (ROE) of 33.7% and a cost to income ratio of 37.6% evidencing the efficient managementof the banks’ assets. These ratios are a testament to the competent and experienced management andwork-force, efficient balance sheet structure and operational efficiency of the Bank. In recognition of theBank’s bias for world class corporate governance standards, excellent service delivery and innovation,GTBank has been a recipient of numerous awards over the years. Some of these include Africa’s BestBank and Best Bank in Nigeria from Euromoney Magazine, and Best Banking Group and Best Retail Bankby World Finance Magazine.