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GTBank Plc  – Foreign Exchange Revaluation Gain Drives Earnings

GTBank Plc – Foreign Exchange Revaluation Gain Drives Earnings

The first quarter result released by Guaranty Trust Bank shows a setback in its core operations of the bank as gross earnings increased by 4.56% to ₦108.97 billion in Q1’18 from ₦104.13 billion reported in Q1’17. The growth in gross earnings was majorly triggered by non-interest income as it increased by 40.83% to ₦28.20 billion in Q1’18 (vs. ₦20.02 billion in Q1’17).

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