Guaranty Trust Bank PLC

  • TickerGUARANTY
  • ISINNGGUARANTY06
  • ExchangeNigerian Stock Exchange
  • SectorBanks
  • CountryNigeria

Moody's announces completion of a periodic review of ratings of Guaranty Trust Bank Plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Guaranty Trust Bank Plc. Global Credit Research- 08 Jul 2020. London, 08 July 2020-- Moody's Investors Service has completed a periodic review of the ratings of Guaranty Trust Bank Plc and other ratings that are associated with the same analytical unit.

Nkemdilim Nwadialor

Nigeria banks hit by another central bank debit; we see a pattern!

The Central Bank of Nigeria (CBN) is at it again. It has debited 26 banks a total of NGN216.1bn, attributed to the CRR (Cash Reserve Ratio) compliance requirement. Recall that two weeks ago, the CBN debited banks cNGN459.7bn for the same purpose. This is the third CBN debit in 2020, bring the total CBN debits for the year to NGN2.08tn: 1) CRR and LDR infringements in April 2020 of NGN1.4tn; 2) another CRR debit of NGN460bn; and now 3) the most recent CRR debits of NGN216bn. CBN PENALTIES FOR ...

Guaranty Trust Bank Plc: Key Facts and Statistics - Q1 March 2020

A summary company profile, detailing Guaranty Trust Bank Plc’s business operations and financial highlights.

Guaranty Trust Bank Plc: Update to credit analysis

Our credit view of GTBank reflects its solid profitability and capital buffers amid Nigeria's difficult operating environment and its high reliance on corporate deposits.

Nkemdilim Nwadialor

Nigeria: Central bank move to debit banks jeopardises economic recovery

The Central Bank of Nigeria (CBN) has debited a total of NGN459.7bn from twenty-six banks, to make up for what it says is a CRR (Cash Reserve Ratio) shortfall. This measure comes less than two months after the central bank took NGN1.4tn from banks for falling short of the CRR and LDR ratios. It should be noted that last week the CBN refunded part of this money in a bid to maintain liquidity in the market. This is the third time in nine months that the CBN has taken debits from the banks: 1)Lo...

Nkemdilim Nwadialor

Nigeria banks hit by another central bank debit; we see a pattern!

The Central Bank of Nigeria (CBN) is at it again. It has debited 26 banks a total of NGN216.1bn, attributed to the CRR (Cash Reserve Ratio) compliance requirement. Recall that two weeks ago, the CBN debited banks cNGN459.7bn for the same purpose. This is the third CBN debit in 2020, bring the total CBN debits for the year to NGN2.08tn: 1) CRR and LDR infringements in April 2020 of NGN1.4tn; 2) another CRR debit of NGN460bn; and now 3) the most recent CRR debits of NGN216bn. CBN PENALTIES FOR ...

Nkemdilim Nwadialor

Nigeria: Central bank move to debit banks jeopardises economic recovery

The Central Bank of Nigeria (CBN) has debited a total of NGN459.7bn from twenty-six banks, to make up for what it says is a CRR (Cash Reserve Ratio) shortfall. This measure comes less than two months after the central bank took NGN1.4tn from banks for falling short of the CRR and LDR ratios. It should be noted that last week the CBN refunded part of this money in a bid to maintain liquidity in the market. This is the third time in nine months that the CBN has taken debits from the banks: 1)Lo...

GUARANTY TRUST BANK PLC Q1'20 Earnings Release - Lower Interest Expense supports mild PAT growth

Lower Interest Expense supports mild PAT growth                                                           Net Interest Income defies expectations to grow 10% y/y GUARANTY released Q1’20 results yesterday, reporting 2% y/y growth in Gross Earnings. The bank posted stronger than expected Interest Income of ₦77.0 billion (Vetiva estimate: ₦72.9 billion) a 3% y/y growth driven by higher income from customer loans. Furthermore, Interest Expense declined 22% y/y to ₦12.8 billion (Vetiva estimate: ₦15.5 billion), resulting in Net Interest Income of ₦64.3 billion (Vetiva estimate: ₦57.4 billion). T...

Nkemdilim Nwadialor

Guaranty Trust Bank: Q1 20 review – Profit growth slows as fee income shrinks

GTB announced Q1 20 results with net profit of NGN50mn (up 2% yoy vs NGN49mn in Q1 19). This relatively weak growth in profits was on the back of lower net fee income (down 25% yoy) due to lower fee charges outweighing a 10% increase in net interest income (on account of double digit yoy growth in loans and investment securities) and impairment recoveries. Compared with Q4 19, PAT remained unchanged (versus NGN49.5mn in Q4 19) due to weaker fee income and higher operating expenses. This is in...

Rahul Shah ...
  • Rohit Kumar

The EM and FM banks best able to cope with weaker loan quality

2020 global GDP is likely to decline by 3.0%,according to IMF, and the UN estimates 81% of the world’s workers are facing workplace restrictions. In this environment, banks’ loan books face a material deterioration. With the on-the-ground situation evolving rapidly, we employ sensitivity analyses and stress-testing to identify the best-positioned banks. Asset quality deterioration is likely to be broad-based. In the initial stages of the coronavirus outbreak we thought certain sectors (such a...

Nkemdilim Nwadialor

Nigeria shuts down Lagos, FCT and Ogun for 14 days to curb Covid-19 spread

President Muhammadu Buhari declared a shutdown of business, economic and social activities in Lagos, the Federal Capital Territory (FCT) and Ogun during his national broadcast on Sunday. The restriction aimed at curbing the spread of the coronavirus in these states, which account for 83% of all 111 confirmed cases in the country (according to the NCDC), is expected to last 14 days and will take effect from today at 11 pm. Essential services like hospitals (including clinics and pharmacies), a...

Rahul Shah ...
  • Rohit Kumar

How to hedge EM currency risk through bank equities

The problem: USD strength is a headwind for EM equities investors. Heightened investor risk aversion and tighter liquidity have driven a sharp appreciation in the US dollar in the past couple of weeks. This is putting pressure on emerging market currencies (particularly those linked to commodity prices), which in turn places a further negative spin on the USD-denominated portfolio performance of international EM equities investors. The solution: EM banks can provide a partial currency hedge. ...

Moody's announces completion of a periodic review of ratings of Guaranty Trust Bank Plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Guaranty Trust Bank Plc. Global Credit Research- 08 Jul 2020. London, 08 July 2020-- Moody's Investors Service has completed a periodic review of the ratings of Guaranty Trust Bank Plc and other ratings that are associated with the same analytical unit.

Guaranty Trust Bank Plc: Key Facts and Statistics - Q1 March 2020

A summary company profile, detailing Guaranty Trust Bank Plc’s business operations and financial highlights.

Guaranty Trust Bank Plc: Update to credit analysis

Our credit view of GTBank reflects its solid profitability and capital buffers amid Nigeria's difficult operating environment and its high reliance on corporate deposits.

Guaranty Trust Bank Plc: Update following outlook change to negative

Our credit view of GTBank reflects its strong profitability and solid capital buffers versus the challenging operating environment in Nigeria and GTBank's high reliance on corporate deposits

Moody's announces completion of a periodic review of ratings of Guaranty Trust Bank Plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Guaranty Trust Bank Plc. Global Credit Research- 09 Aug 2019. London, 09 August 2019-- Moody's Investors Service has completed a periodic review of the ratings of Guaranty Trust Bank Plc and other ratings that are associated with the same analytical unit.

Nigeria H2'19 Outlook - Feeble feet on thorny grounds

Nigeria H2'19 Outlook - Feeble feet on thorny grounds                                                    Narrow opportunity window amid easing global monetary conditions: A sense of urgency is required for Nigeria to derive optimal benefits from the sudden increase in global liquidity conditions occasioned by the switch to accommodative monetary policy by central banks in developed markets. IMF projections indicate, that global GDP growth could ease to 3.3% for FY’19 due to weaker growth in the U.S. and the Euro Area but return to 2018 levels of 3.6% by FY’20 from stronger growth in EMDEs and...

GUARANTY TRUST BANK PLC Q1'18 - Strong start to the year as PAT beats

Strong start to the year as PAT beats                                                         Early filer GUARANTY released its Q1’18 results, starting the year on a positive note with earnings coming mildly better than expected. Whilst top line (₦109.0 billion) came largely in line with our estimate, bottom line (₦44.7 billion) was 4% ahead of our estimate as the bank maintained the decent run rate from Q4’17. Save for notable deviations in loan loss provision and effective tax rate estimate for Q1’18, we note a stable q/q earnings trend in most of the other line items. With Operating Expen...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Olabisi Ayodeji

Nigeria Tier 1 Banks: Looking to the rest of Africa for growth

The ‘rest-of-Africa’ segment is making a rising contribution to the group-level growth and profitability of Tier 1 Nigeria banks. We think this should serve as a medium-term tailwind considering challenges in Nigeria. Our top pick on this theme is Zenith, and Nigeria Tier 1 banks generally are at an attractive discount to Africa peers.

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