Guaranty Trust Bank PLC FY:2016 Result - Financial Highlights

Guaranty Trust Bank PLC FY:2016 Result  - Financial Highlights (N'Mn)
Headlines	FY 2016	FY 2015	Change
Gross Earnings	414,616	301,851	37.4%
Interest Income	262,494	229,237	14.5%
Interest Expense	-67,094	-69,290	-3.2%
Net Interest Income	195,400	159,947	22.2%
Operating Expenses	-98,389	-83,784	17.4%
Loan Loss Expenses	-65,290	-12,408	426.2%
Profit/Loss Before Tax	165,136	120,695	36.8%
Taxation	-32,856	-21,258	54.6%
Profit/Loss After Tax	132,281	99,437	33.0%
	FY 2016	FY 2015
Cash and cash equivalents	455,863	254,633	79.0%
Loans & Advances	1,590,084	1,372,977	15.8%
Total Assets	3,116,393	2,524,594	23.4%
Total Liabilities	2,611,491	2,111,032	23.7%
Deposits	2,111,314	1,636,607	29.0%
Net Assets	504,903	413,562	22.1%
Cost to Income Ratio	33%	36.5%	7.9%
Loan to Deposits	75.3%	83.9%	-8.6%
ROAE	28.8%
Dividend Yield	6.8%
Price(N)	25.87
Dividend(N)	1.75
EPS	4.5
BVPS	17.2
P/E(X)	5.8
P/BV(N)	1.5