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FACTBOOK 2010
GUARANTY 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 NG
Website:http://www.gtbplc.com;
E-mail: corpaff@gtbplc.com
Swift Add: Gtb Ingla Xxx

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 Limited
7, Anthony Village Road, Anthony Village, Lagos.

2. Nature of Business:
Universal Banking
3. Date of Incorporation:
20th July, 1990 (RC. 152321)
1991 - Commenced Operations

11. Subsidiaries/Offshore Subsidiaries:

GTB (Gambia) Limited
GTB (Sierra Leone) Limited
Guaranty Trust Assurance Plc.
GTB (Ghana) Limited
GTB Finance B.V.(Netherlands)
GTB Registrars Limited
Kakawa Discount House Limited
GT Homes Limited
GTB Asset Management Limited
GTB Liberia Limited

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. Agbaje
Mr. Victor G. Osibodu (Up till April 2010)
Alhaji Mohammed K. Jada (Up till April 2010)
Mr. Adetokunbo B. Adesanya (Up till April 2010)
Egbert U. Imomoh
Mr. Andrew A. Alli
Mr. Akindele Akintoye
Mr. Babajide Ogundare
Mrs. Catherine N. Echeozo
Mrs. G. T. Osuntoki
Mr. Akin George-Taylor
Mr. 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)

12. End of Accounting Year

31st December
13. Number of Employees
3,711

Mr.

14. Capital St ructure

i. Authorised:
N15,000,000,000.00
ii. Paid-Up N9,326,875,000.00
15. Analysis of Shareholding
Stanbic 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
Nm

Feb. 2008
Nm

Feb. 2007
Nm

Cash and balances with CBN

Treasury bills
Due from other banks
Loans and advances to customers
Other facilities
Advances under finance lease
Insurance receivables
Investment securities
Deferred tax assets
Equipment on lease
Trading properties
Other assets
Property and equipment
Goodwill on consolidation

35,890
36,936
225,330
563,488
6
810
136,194
411
5,071
15,523
46,491
354
----------1,066,504
======

64,350
62,216
219,822
416,319
24
563
91,511
37
15,086
49,273
39,630
354
----------959,184
======

38,970
65,764
79,910
288,152
18
472
117,768
21
12,063
94,765
33,970
166
----------732,038
======

7,462
119,077
51,454
4,042

6,840
119,077
34,093
3,335

Total Assets
Liabilities:
Share capital
Share premium
Reserves
Non-controlling interest

9,327
119,077
58,700
5,142

Feb. 2006
Nm

Feb. 2005
Nm

32,621
31,127
126,437
102,164
101,472
42,912
115,746
84,201
4,444
4,461
304
156
42,257
14,360
29
1
42,154
16,360
20,880
12,100
141
69
------------------486,485
307,911
=====
=====
4,000
21,392
21,932
2,662

3,000
21,392
16,158
208

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Customer deposits
Due to other banks
Claims payable
Finance lease obligations
Liability on investment contracts
Liabilities on insurance contracts
Current income tax payable
Other liabilities
Deferred tax liabilities
Dividend payable*
Retirement benefit obligations
Debt securities in issue
Other facilities
Other borrowings

Guarantees and other

commitments on behalf of customers
INCOME STATEMENT
Gross Earnings
Net operating income
Operating expenses
Allowance for loan loss and other risk assets
Profit before tax
Taxation
Extra-ordinary income
Profit after taxation and extra-ordinary income
Non-controlling interest
Profit attributable to shareholders
Earnings per share (Unadjusted)
Declared Dividend per share**

683,081
14,982
351
2,211
1,115
1,126
3,484
85,492
4,347
253
65,486
12,333
----------1,066,504
======

470,606
27,965
186
2,125
586
795
9,637
198,401
3,475
475
48,838
14,058
----------959,184
======

362,936
325
70
2,350
337
625
6,125
135,770
2,809
1,205
56,143
---------732,038
======

294,501
45
31
199
323
3,486
73,292
1,086
985
4,489
58,063
---------486,485
=====

215,774
356
12
61
54
2,207
33,214
1,087
645
4,506
9,238
---------307,911
=====

332,820
======

400,369
======

325,600
======

116,282
82,377
=====
=====

196,408
======
121,660
(56,170)
(37,527)
----------27,963
(4,276)
----------23,687
(11)
----------23,676
======
127k
100k

218,287
155,725
======
======
80,963
62,080
(41,055)
(30,777)
(4,579)
(3,934)
-------------------35,329
27,368
(7,014)
(6,199)
-------------------28,316
21,169
(707)
(369)
-------------------27,609
20,800
======
======
185k
167k
70k
75k

91,163
67,440
=====
=====
35,779
25,572
(19,325)
(13,300)
(737)
(1,784)
------------------15,716
10,489
(2,523)
(2,182)
283,487
------------------13,194
8,590
(201)
(44)
------------------12,993
8,546
=====
=====
162k
142k
103k
70k

Basic Earnings Per Share (Kobo)

185

200
162

180
160

167

142
127

140

Earnings

120
100
80
60
40
20
0
Feb.2005 Feb.2006 Feb.2007 Feb.2008 Dec.2009

Year

*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 the
precding year but declared during the current year.

Important Note:
While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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