The bank’s profit after tax stood at N69.24 billion as against the N63.734 billion earned in the comparable period of 2012.
The results released by the Nigerian Stock Exchange (NSE) yesterday showed that the bank’s gross earning rose to N181.96 billion from N166.48 billion the previous year.
A further analysis of the results showed that the bank’s total assets stood at N1.875 trillion in the review period, compared to the N1.73 trillion it stood as at December 2012. Also, its customers’ deposit increased to N1.271 trillion in the period under review, compared to N1.148 trillion as at the end of December 2012.
Also, GTBank’s earnings per share increased to N2.44, from N2.25.
The Managing Director/Chief Executive Officer, GTBank, Mr. Segun Agbaje had attributed the bank’s success to the continued support of its customers, hard work and strong corporate governance standards.
Agbaje stressed that a major objective for the bank this year was to add value to its stakeholders through excellent customer service delivery, innovative products and value adding services.
"It is the bank’s belief that success on these fronts would enable it deepen its share of market across all sectors and improve profitability, despite today’s extremely challenging business environment, "he had said.
GTBank recently acquired 70 per cent stakes in Fina Bank of Kenya to enable it extend its reach to East Africa.
The bank’s recent service introduction were the GTBank social banking platform - a service offering, which allows people on social networks such as Facebook have banking relationships as well as perform basic banking transactions every day.