Guaranty Trust Bank Group Kenya Limited posted net earnings of KSh 508.8 Million at the end of nine months of this year. This is compared to KSh 265.6 Million in Q3, 2018.
Balance Sheet size of GTBank Kenya increased from KSh 40 billion to KSh 41.2 billion while Total Interest Income fell marginally from KSh 2.7 billion to KSh 2.6 billion.
Net loans and advances to customers increased from KSh 19.7 billion to KSh 20.6 billion while customer deposits increased from KSh 29.2 billion to KSh 30.2 billion in the third quarter of this year.
GT Bank (Kenya) Limited has two subsidiaries in East Africa; Guaranty Trust Bank (Uganda) Ltd with a 100% shareholding and Guaranty Trust Bank (Rwanda) Plc with a 96.38% shareholding.
Its shareholding structure is owned 70 per cent by GTBank Plc, Dhabaria Limited(7.81 per cent) Mr Dhanji Hansraj H. Chandaria(7.99 per cent), RARE Limited (7.03 per cent) and Mr Rameshkumar Manubhai Patel(7.17 per cent).
In 2013, GTBank Plc acquired a 70 per cent controlling stake of then Fina Bank Group which had been operating in Kenya for over 25 years with subsidiaries in Rwanda and Uganda.
GTBank Plc is headquartered in Lagos, Nigeria and listed on the Nigeria and London Stock Exchange. It has a presence in Nigeria, Gambia, Ghana, Liberia, Sierra Leone, Cote d’lvoire, Kenya, Uganda, Rwanda, Tanzania and the United Kingdom.