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 459.07 billion Naira [US$1.50 billion]
of which 28%
was Corporate & Investment Banking),
Stanbic IBTC Bank Plc
(211.88 billion Naira [US$692.86 million]
of which 41%
was Corporate & Investment Banking), and
United Bank of Africa PLC
(463.01 billion Naira [US$1.51 billion]
of which 56%
was Retail and commercial banking).
During the year ended December of 2017, sales at
Guaranty Trust Bank PLC were 419.12 billion Naira (US$1.37 billion).
a very small
increase of 1.1%
versus 2016, when the company's sales were 414.54 billion Naira.
This was the fifth consecutive year of sales increases at Guaranty Trust Bank PLC
(and since 2012, sales have increased a total of 90%).
Sales of Corporate Banking saw an increase
that was more than double the company's growth rate: sales were up
22.4% in 2017, from
213.64 billion Naira to 261.38 billion Naira.
Guaranty Trust Bank PLC also saw significant increases in sales in
Sme Banking (up 3.7% to 19.13 billion Naira)
Not all segments of Guaranty Trust Bank PLC experienced an increase in sales in 2017:
sales of Retail Banking fell 27.6% to 87.08 billion Naira.
Guaranty Trust Bank PLC also experienced decreases in sales in
Commercial Banking (down 16.7% to 41.71 billion Naira)
Public Sector Banking (down 3.0% to 9.35 billion Naira)