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:
United Bank for Africa PLC
sales of 467.45 billion Naira [US$1.52 billion]
of which 61%
was Retail and commercial banking),
Access Bank Nigeria Plc
(528.66 billion Naira [US$1.72 billion]
of which 37%
was Corporate & Investment Banking), and
FBN Holdings PLC
(585.95 billion Naira [US$1.91 billion]
of which 88%
was Commercial Banking Group).
During the year ended December of 2018, sales at
Guaranty Trust Bank PLC were 434.47 billion Naira (US$1.42 billion).
increase of 3.7%
versus 2017, when the company's sales were 419.12 billion Naira.
This was the fifth consecutive year of sales increases at Guaranty Trust Bank PLC
(and since 2013, sales have increased a total of 79%).
Sales of Sme Banking saw an increase
that was more than double the company's growth rate: sales were up
33.0% in 2018, from
19.13 billion Naira to 25.46 billion Naira.
Guaranty Trust Bank PLC also saw significant increases in sales in
Corporate Banking (up 9.7% to 286.73 billion Naira)
Commercial Banking (up 9.6% to 45.73 billion Naira)
Not all segments of Guaranty Trust Bank PLC experienced an increase in sales in 2018:
sales of Public Sector Banking fell 75.5% to 2.29 billion Naira.
(However, this segment's sales were only a very small portion of the company's overall sales).
Guaranty Trust Bank PLC also experienced decreases in sales in
Retail Banking (down 14.7% to 74.31 billion Naira)