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 546.96 billion Nigerian Naira [US$1.52 billion]
of which 55%
was Retail and commercial banking),
Stanbic IBTC Bank Plc
(229.13 billion Nigerian Naira [US$634.70 million]
of which 35%
was Corporate & Investment Banking), and
FBN Holdings PLC
(626.57 billion Nigerian Naira [US$1.74 billion]
of which 88%
was Commercial Banking Group).
During the year ended December of 2019, sales at
Guaranty Trust Bank PLC were 432.73 billion Nigerian Naira (US$1.20 billion).
decrease of 0.4%
versus 2018, when the company's sales were 434.47 billion Nigerian Naira.
Contributing to the drop in overall sales was the 27.8% decline
in Sme Banking, from 25.46 billion Nigerian Naira to 18.38 billion Nigerian Naira.
There were also decreases in sales in
Corporate Banking (down 7.5% to 265.37 billion Nigerian Naira)
Commercial Banking (down 26.6% to 33.55 billion Nigerian Naira)
However, these declines were partially offset by the increase in sales of
Retail Banking (up 44.3% to 107.24 billion Nigerian Naira)
Public Sector Banking (up 313.3% to 9.45 billion Nigerian Naira)