GTBank’s Parent Posts 50% Profit Drop as Non-Core Income Falls

Guaranty Trust Holding Company, the parent company of GTBank, reported a 50 percent drop in its half-year profit as non-core income plunged.

The company’s after-tax profit fell to N449.01 billion from N905.57 billion a year earlier as its other income declined to N70.92 billion from N630.27 billion, according to its earnings report released on Tuesday.