Shareholders hail GTBank’s performance, approve dividend

Shareholders of Guaranty Trust Bank Plc on Tuesday commended the performance of the bank despite the challenging environment. The shareholders also approved the N1.75 dividend per share   recommended for the year ended December 31, 2014.

Some of the shareholders, who spoke at the  25thannual general meeting (AGM)  of GTBank in Lagos included the  National Coordinator, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu and  President, Nigeria Shareholders Solidarity Association (NSSA), Chief  Timothy Adesiyan.

They   encouraged the management of the bank to maintain its adherence to good corporate governance that partly led to the impressive 2014 results.

Speaking on the performance, Mr. Gilbert  Imomoh stated that profit before tax increased  from N107.09billion in 2013 to N116.39 billion in 2014, while total assets stood at N2.36trillion, representing a 12 per cent increase over the N2.1trillion recorded in the previous year.

He explained that GTBank’s customer’s deposits, which could be viewed as a direct index of public confidence grew by 13.3 per cent from N1.43 trillion in 2013 to N1.62trillion in 2014.

Source