BUSINESS

GTBANK Depreciates By 1.6% After Market Capitalization Closes At N706bn

 

GTCO Plc share price has depreciated by 1.6% as its market capitalization closed the week at N706 billion, losing a total of N11.7 billion week-on-week.

NewsBeatng reports that the bank’s financial statements for the period ended 30th September 2022 revealed a growth of 23.71% in net interest income from N68.94 billion as of Q3 2021 to N85.29 billion in the current period.

However, post-tax profit appreciated by 5.61% to N52.79 billion from N49.98 billion in the current period.

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