Guaranty Trust Bank PLC operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Guaranty Trust Bank PLC with three other
companies in this sector in Nigeria:
Access Bank Nigeria Plc
sales of 337.25 billion Naira [US$1.11 billion]
of which 42%
was Corporate & Investment Banking),
Diamond Bank Plc
(216.95 billion Naira [US$711.60 million]
of which 32%
was Corporate Banking), and
United Bank of Africa PLC
(318.94 billion Naira [US$1.05 billion]
of which 58%
was Retail and commercial banking).
During the year ended December of 2015, sales at
Guaranty Trust Bank PLC were 301.76 billion Naira (US$989.78 million).
increase of 8.4%
versus 2014, when the company's sales were 278.27 billion Naira.
This was the fifth consecutive year of sales increases at Guaranty Trust Bank PLC
(and since 2010, sales have increased a total of 90%).
Sales of Retail Banking saw an increase
that was more than double the company's growth rate: sales were up
30.8% in 2015, from
66.68 billion Naira to 87.19 billion Naira.
Guaranty Trust Bank PLC also saw significant increases in sales in
Corporate Banking (up 15.1% to 157.86 billion Naira)
Not all segments of Guaranty Trust Bank PLC experienced an increase in sales in 2015:
sales of Public Sector Banking fell 66.2% to 6.11 billion Naira.
Guaranty Trust Bank PLC also experienced decreases in sales in
Commercial Banking (down 7.8% to 36.88 billion Naira)
Sme Banking (down 11.1% to 13.58 billion Naira)