GT Bank 9M 2019 results: Low growth, good on costs

Low growth, good on costs

  • GT Bank reported unaudited 9M 2019 results last week. Net interest income was grew by 1.3% y/y at N172.9bn (US$480.3m). Net fee and commision income was up 22.9% from the previous year.
  • The cost to income ratio fell 154bps to 36.5% y/y. Net profits we up 3.4% y/y to N146.9bn (US$408.1m).

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