GTBank Profit Before tax Rises 9 Pct, Grosses 434.7 Bln Naira Income

Nigeria's Guaranty Trust Bank (GTB) has posted a profit before tax of 215.58 billion naira at the end of its 2018 financial year, representing 9.05 percent increase over the previous year's figure, the bank said on Wednesday.
The bank posted 197.68 billion naira profit before tax at the end of 2017 financial year.
Directors of the commercial lender are proposing a dividend of 2.45 naira per shares to shareholders, having paid out 0.30 naira interim dividend middle of the year.
"The directors recommend the payment of a final dividend of 2.45 naira per ordinary share of 50 Kobo (bringing the total dividend for the financial year ended December 31, 2018 to 2.75 naira," the bank said in its statement of account for the year.
It paid 2.70 naira per share to shareholders of the bank in 2017.
All dividend payment are subjected to withholding tax to be deducted at the point of payment.
Profit after tax at the country's top lender stood at 184.64 billion naira compared with 169.91 billion naira in the previous year.
Also, the lender earning per share rose to 654 naira per share compared with 594 earned in the previous year.