GRTB.L Regulatory News (GRTB)

GTBank

Muyiwa Teriba, Head, Investor Relations

ir@gtbank.com

+234-1-4484156

Lola Odedina, Head, Communications & External Affairs

+234-1-2715227

Pascal Or

corpaff@gtbank.com

College Hill

+44 20 7457 2020

Tony Friend

Antonia Coad

Group Mar 2013

Group Dec 2012

Parent Mar 2013

Parent Dec 2012

ASSETS

Cash and cash equivalents

241,562

276,856

177,883

210,300

Loans and advances to banks

4,865

4,865

145

178

Loans and advances to customers

821,395

779,050

778,553

742,437

Financial assets held for trading

Investment Securities

355,236

271,074

335,793

267,417

-Available for sale

11,631

15,766

8,619

10,139

- Held to maturity

125,869

129,491

128,214

118,898

Assets pledged as collateral

29,793

31,203

29,793

31,203

Investment in subsidiaries

-

-

22,925

22,925

Property and equipment

62,090

60,887

56,576

55,497

Intangible assets

1,641

1,772

1,590

1,540

Deferred tax assets

937

992

-

-

Other assets

186,491

162,922

183,767

159,783

TOTAL ASSETS

1,841,510

1,734,878

1,723,858

1,620,317

LIABILITIES

Deposits from banks

14,582

23,860

2,821

7,170

Deposits from customers

1,212,798

1,148,197

1,117,086

1,054,123

Other liabilities

98,770

80,972

86,605

69,872

Current income tax liabilities

19,356

15,631

19,313

15,340

Deferred tax liabilities

3,108

3,288

3,225

3,225

Debt securities in issue

91,689

86,926

13,672

13,238

Other borrowed funds

93,253

92,562

171,266

169,194

TOTAL LIABILITIES

1,533,556

1,451,436

1,413,988

1,332,162

CAPITAL AND RESERVES

Share capital

14,716

14,716

14,716

14,716

Share premium

123,471

123,471

123,471

123,471

Treasury shares

(2,047)

(2,047)

-

-

Retained earnings

63,698

41,381

62,759

47,558

Other components of equity

106,818

104,652

108,924

102,410

Capital and reserves attributable to equity holders of the parent entity

306,656

282,173

309,870

288,155

Non-controlling interests in equity

1,298

1,269

-

-

TOTAL EQUITY AND LIABILITIES

1,841,510

1,734,878

1,723,858

1,620,317

Group Mar 2013

Group Mar 2012

Group Dec 2012

Parent Mar 2013

Parent Mar 2012

Parent Dec 2012

Interest income

45,270

40,694

170,295

42,329

38,537

160,125

Interest expense

(11,827)

(9,246)

(39,609)

(10,975)

(8,645)

(37,026)

Net interest income

33,443

31,448

130,686

31,354

29,892

123,099

Loan impairment charges

(1,268)

(406)

(739)

(917)

(189)

668

Net interest income after loan impairment charges

32,175

31,042

129,947

30,437

29,703

123,767

Fee and commission income

13,067

10,901

44,321

11,890

9,799

39,214

Fee and commission expense

(288)

(162)

(1,591)

(272)

(147)

(1,508)

Net fee and commission income

12,779

10,739

42,730

11,618

9,652

37,706

Net gains/(losses) on financial instruments classified as held for trading

2,642

258

3,940

2,176

(280)

2,339

Other income

2,594

762

3,384

2,199

999

2,646

Net impairment loss on financial assets

(214)

-

(97)

(214)

-

(97)

Personnel expenses

(5,459)

(5,120)

(25,966)

(4,640)

(4,394)

(20,774)

General and administrative expenses

(3,429)

(2,895)

(22,406)

(3,136)

(2,853)

(20,286)

Operating lease expenses

(153)

(222)

(791)

(149)

(139)

(622)

Depreciation and amortisation

(2,381)

(2,120)

(8,892)

(2,193)

(1,936)

(8,053)

Other operating expenses

(10,061)

(8,060)

(18,821)

(8,953)

(7,126)

(16,484)

Profit before income tax

28,493

24,384

103,028

27,145

23,626

100,142

Income tax expense

(5,935)

(5,072)

(16,341)

(5,429)

(4,725)

(14,878)

Profit for the period from continuing operations

22,558

19,312

86,687

21,716

18,901

85,264

Profit for the period from discontinued operations

-

92

609

-

-

-

Profit for the period

22,558

19,404

87,296

21,716

18,901

85,264

Profit attributable to:

Equity holders of the parent entity {total}

22,471

19,314

86,958

21,716

18,901

85,264

-Profit for the period from continuing operations

22,471

19,245

86,398

21,716

18,901

85,264

- Profit for the period from discontinued operations

-

69

560

-

-

-

Non-controlling interests {total}

87

90

338

-

-

-

- Profit for the period from continuing operations

87

67

289

-

-

-

- Profit for the period from discontinued operations

-

23

49

-

-

-

22,558

19,404

87,296

21,716

18,901

85,264

Group Mar 2013

Group Mar 2012

Group Dec 2012

Parent Mar 2013

Parent Mar 2012

Parent Dec 2012

Profit for the period

22,558

19,404

87,296

21,716

18,901

85,264

Other comprehensive income:

- Foreign currency translation differences for foreign operations

(410)

(842)

(2,707)

-

-

-

Net change in fair value of available for sale financial assets

-

(3)

1,463

-

(3)

1,463

Income tax relating to component of other comprehensive income

123

169

373

-

1

(379)

Other comprehensive income for the period, net of tax

(287)

(676)

(871)

-

(2)

1,084

Total comprehensive income for the period

22,271

18,728

86,425

21,716

18,899

86,348

Profit attributable to:

Equity holders of the parent entity (total)

22,184

18,638

86,193

21,716

18,899

86,348

-Total comprehensive income for the period from continuing operations

22,184

18,569

85,633

21,716

18,899

86,348

-Total comprehensive income for the period from discontinued operations

-

69

560

-

-

-

Non-controlling interests (total)

87

90

233

-

-

-

Total comprehensive income for the period from continuing operations

87

67

183

-

-

-

Total comprehensive income for the period from discontinued operations

-

23

49

-

-

-

Total comprehensive income for the period

22,271

18,728

86,425

21,716

18,899

86,348

Earnings per share for the profit from continuing operations attributable to the equity holders of the parent entity during the period (expressed in naira per share):

-Basic

0.80

0.69

3.06

0.74

0.65

2.90

-Diluted

0.80

0.69

3.06

0.74

0.65

2.90

Earnings per share for the profit from discontinued operations attributable to the equity holders of the parent entity during the period (expressed in naira per share):

-Basic

-

0.003

0.02

-

-

-

-Diluted

-

0.003

0.02

-

-

-