8/6/2019 GTB Report

1/2

FACTBOOK 2010GUARANTY TRUST BANK PLC

1. Head Office:Plural House,Plot 1669, Oyin Jolayemi Street,P. O. Box 75455, Victoria Island, Lagos.Tel: 234-01-2622650 - 69, 3201096-1100. Fax: 234-01-2715227;Telex: 23380 GT BANK NGWebsite:http://www.gtbplc.com;E-mail: corpaff@gtbplc.comSwift Add: Gtb Ingla Xxx

2. Nature of Business:Universal Banking

3. Date of Incorporation:20th July, 1990 (RC. 152321)1991 - Commenced Operations

4. Date Listed on The Exchange:

9th September, 1996

5. NSE Classification:Banking

6. ISIN Number:NGGUARANTY06

7. Board of Directors:Owelle Gilbert P. Chikelu (Chairman up till May 26, 2010) Mr. Oluwole S. Oduyemi (Chairman w.e.f. May 26, 2010) Mr. Olutayo Aderinokun, (MD/CEO)Mr. Olusegun J. K. AgbajeMr. Victor G. Osibodu (Up till April 2010) Alhaji Mohammed K. Jada (Up till April 2010) Mr. Adetokunbo B. Adesanya (Up till April 2010) Mr.

Egbert U. ImomohMr. Andrew A. AlliMr. Akindele AkintoyeMr. Babajide Ogundare

Mrs. Catherine N. EcheozoMrs. G. T. OsuntokiMr. Akin George-TaylorMr. Kadiri Adebayo Adeola(With effect from April 2010)Mr. Olabode Mubasheer Agusto (With effect from April 2010) Mr. Ibrahim Hassan (With effect from April 2010) Mrs. Stella Okoli (With effect from April 2010)

8. Company Secretary:Mrs. Olutola Omotola

9. Auditors:KPMG Professional Services(Chartered Accountants)22, Gerrard Road,P. O. Box 51204, Ikoyi, Lagos.Tel: 234-01-271-8955. Fax: 234-01-462-0704

10. Company Registrars:GTB Registrars Limited7, Anthony Village Road, Anthony Village, Lagos.

11. Subsidiaries/Offshore Subsidiaries:GTB (Gambia) LimitedGTB (Sierra Leone) LimitedGuaranty Trust Assurance Plc.GTB (Ghana) Limited

GTB Finance B.V.(Netherlands)GTB Registrars LimitedKakawa Discount House LimitedGT Homes LimitedGTB Asset Management LimitedGTB Liberia Limited

12. End of Accounting Year31st December

13. Number of Employees3,711

14. Capital St ructurei. Authorised: N15,000,000,000.00ii. Paid-Up N9,326,875,000.00

15. Analysis of ShareholdingStanbic Nominees Nig. Ltd- GDR (Underlying shares)13.21%Stanbic NomineesNig. Limited - trading 7.94%

Other Nigerian Citizens & Associations 78.85%

FIVE-YEAR FINANCIAL SUMMARY

ASSETS Dec. 2009 Feb. 2008 Feb. 2007 Feb. 2006 Feb. 2005Nm Nm Nm Nm Nm

Cash and balances with CBN 35,890 64,350 38,970 32,621 31,127Treasury bills 36,936 62,216 65,764 126,437 102,164Due from other banks 225,330 219,822 79,910 101,472 42,912Loans and advances to customers 563,488 416,319 288,152 115,746 84,201Other facilities - - - 4,444 4,461Advances under finance lease 6 24 18 - -Insurance receivables 810 563 472 304 156Investment securities 136,194 91,511 117,768 42,257 14,360Deferred tax assets 411 37 21 29 -Equipment on lease - - - - 1Trading properties 5,071 15,086 12,063 - -Other assets 15,523 49,273 94,765 42,154 16,360Property and equipment 46,491 39,630 33,970 20,880 12,100Goodwill on consolidation 354 354 166 141 69

----------- ----------- ----------- ---------- ----------Total Assets 1,066,504 959,184 732,038 486,485 307,911

====== ====== ====== ===== =====Liabilities:Share capital 9,327 7,462 6,840 4,000 3,000Share premium 119,077 119,077 119,077 21,392 21,392Reserves 58,700 51,454 34,093 21,932 16,158Non-controlling interest 5,142 4,042 3,335 2,662 208

Page 1 of 2

7/12/2011file://C:\Users\WALE\Desktop\FactBook 2010 (D)\Section 2_files\Banking_files\Guarant...

8/6/2019 GTB Report

2/2

Customer deposits 683,081 470,606 362,936 294,501 215,774Due to other banks 14,982 27,965 325 45 356Claims payable 351 186 70 31 12Finance lease obligations 2,211 2,125 2,350 - -Liability on investment contracts 1,115 586 337 199 61Liabilities on insurance contracts 1,126 795 625 323 54Current income tax payable 3,484 9,637 6,125 3,486 2,207Other liabilities 85,492 198,401 135,770 73,292 33,214Deferred tax liabilities 4,347 3,475 2,809 1,086 1,087Dividend payable* - - - - -Retirement benefit obligations 253 475 1,205 985 645Debt securities in issue 65,486 48,838 - - -Other facilities - - - 4,489 4,506Other borrowings 12,333 14,058 56,143 58,063 9,238

----------- ----------- ---------- ---------- --- -------1,066,504 959,184 732,038 486,485 307,911

====== ====== ====== ===== =====Guarantees and othercommitments on behalf of customers 332,820 400,369 325,600 116,282 82,377

====== ====== ====== ===== =====INCOME STATEMENTGross Earnings 196,408 218,287 155,725 91,163 67,440

====== ====== ====== ===== =====Net operating income 121,660 80,963 62,080 35,779 25,572Operating expenses (56,170) (41,055) (30,777) (19,325) (13,300)Allowance for loan loss and other risk assets (37,527) (4,579) (3,934) (737) (1,784)

----------- ----------- ---------- ---------- --- -------Profit before tax 27,963 35,329 27,368 15,716 10,489Taxation (4,276) (7,014) (6,199) (2,523) (2,182)Extra-ordinary income - - - - 283,487

----------- ----------- ---------- ---------- --- -------Profit after taxation and extra-ordinary income 23,687 28,316 21,169 13,194 8,590Non-controlling interest (11) (707) (369) (201) (44)

----------- ----------- ---------- ---------- --- -------Profit attributable to shareholders 23,676 27,609 20,800 12,993 8,546

====== ====== ====== ===== =====Earnings per share (Unadjusted) 127k 185k 167k 162k 142kDeclared Dividend per share** 100k 70k 75k 103k 70k

*Restated to account for the retrospective adoption of SAS 23**Declared dividend represents the interim dividend declared and paid during the year plus the final dividend proposed for theprecding year but declared during the current year.

0

20

40

60

80

100

120

140

160

180

200

Feb.2005 Feb.2006 Feb.2007 Feb.2008 Dec.2009

142

162 167

185

127

Earnings

Year

Basic Earnings Per Share (Kobo)

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book. Home | The Stock Exchange| Quoted Companies | Issuing Houses | The Registrars

Nigerian Stock ExchangeAll Rights Reserved

Page 2 of 2

7/12/2011file://C:\Users\WALE\Desktop\FactBook 2010 (D)\Section 2 files\Banking files\Guarant...