Earnings Report /

Guaranty Trust Holding Co PLC: Q3 21 earnings grow on improved fee income, lower risk costs

  • Revenue performance was mixed, as special bills continued to drag interest income while GTCO recorded strong fee income

  • The group's risk appetite improved as gross loans increased in Q3, compared to the two declines recorded in Q1 and Q2

  • We reiterate our Buy rating, on solid factors like its operating efficiency, favourable funding mix and capital position

Busola Jeje
Busola Jeje

Research Analyst

Tellimer Research
28 October 2021
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