The financial audit report of the Guaranty Trust Bank has shown an improved performance as the bank made a profit of N57.36 billion within the first half of 2013 compared to N53.64 billion recorded in June 2012.

According to a review of the financial result, performance across all financial indices of the bank has turn out better than what it was last year thus: the gross earnings for the half of the year stood at N124.20 billion, an increase of N10.68 billion from the N113.53 billion reported for the corresponding period in 2012, and made after tax profit of N49.01 billion,, an increase over the N45.55 billion reported in June 2012.

The report further revealed that total Assets and Contingents of N2.50 trillion, Customer deposits of N1.25 trillion and Shareholders’ Funds of N296.95 billion with bank’s non-performing loans remaining low at 3.41 per cent, at the close of the first half of 2013.

The Managing Director/CEO, Guaranty Trust Bank, Mr. Segun Agbaja, commenting on the result, credited the bank’s success during the first half of the year to the continued support of its customers, hard work of its dedicated staff and strong corporate governance standards.

Mr. Agbaje who acknowledged the customers for their loyalty and staff for their continued hard work and dedication, also assured that he bank will continue to uphold its objective of adding value to its stakeholders through excellent customer service delivery and innovative products.