GUARANTY TRUST BANK Plc FY:2018 Result - Financial Highlights (NGN Billion)

Statement of Comprehensive Income FY:2018 FY:2017 Y-o-Y Growth

Gross Earnings 432.8 417.0 3.8%
Interest Income 307.0 327.3 -6.2%
Interest Expense (84.5) (80.7) 4.8%
Net Interest income 222.4 246.7 -9.8%
Credit impairment charges (4.9) (12.2) -59.7%
Investment and Other Operating Income 125.8 89.7 40.3%
OPEX (127.1) (125.8) 1.0%
PBT 215.6 197.7 9.1%
Taxation (30.9) (29.8) 3.9%
PAT 184.6 167.9 10.0%
Per share data GUARANTY Corporate Actions
Current Price 37.95 Proposed Dividend N2.45
EPS 6.3
BVPS 19.6 Dividend Yield 6.5%
Price multiples/Ratios
Shares outstanding(bn) 29.4 Qualification Date 8-Apr-18
P/E 6.0x
P/BV 1.9x Closure Date 9-Apr-18
RoAE 30.9%
RoAA 5.6% Payment Date 18-Apr-18
Net Interest Margin 8.2%
Oriental Hotel, 3, Lekki Road,
Cost of Funds 3.4% AGM Venue
Victoria Island, Lagos
Cost to Income 36.5% 37.4%
Loan to Deposit Ratio 53.5% 67.5% AGM Date 18-Apr-18
Cost of Risk 0.4% 0.8%
Net Margin 42.7% 40.3%
Statement of Financial Position FY:2018 FY:2017 Y-o-Y Growth
Cash and Bank Balances 677.0 642.0 5.5%
Total Loans and advances 1,262.0 1,449.3 -12.9%
Financial Assets 709.3 699.7 1.4%
Total Assets 3,287.3 3,351.1 -1.9%
Total Equity 575.6 619.4 -7.1%
Total Deposits 2,356.7 2,147.5 9.7%
Total Borrowings 178.6 312.6 -42.9%
Total Liabilities 2,711.8 2,731.7 -0.7%