By Peter Egwuatu
TWO top banks in Nigeria, Zenith Bank Plc and Guaranty Trust Bank, GTBank Plc, yesterday, released their unaudited third quarter, Q3, 2017 results, posting a combined group Profit Before Tax, PBT of N302.58 billion.
According to the results released on the Nigerian Stock Exchange, NSE, Zenith Bank recorded a group PBT of N152.552 billion for the third quarter ended September 30, 2017 as against N116.587 billion in the corresponding period of 2016. Also, gross earnings stood at N531.226 billion as against N380.352 billion in the corresponding period of 2016.
On the other hand, GTBank Plc recorded PBT of N150.03 billion for Q3 ended September 30, 2017, representing a growth of nine per cent over N137.99 billion recorded in the corresponding period of September 2016. The bank explained that the increase in PBT was primarily from 36 per cent growth in interest…
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