Full Year 2024 Guaranty Trust Holding Company PLC Earnings Call Transcript

Apr 3, 2025 / 12:30 PM GMT

Transcript

Key Points

Positve

Guaranty Trust Holding Co PLC (FRA:9JO) reported strong core earnings growth, with interest income up by 144% and non-funded income up by 27%.
The company successfully raised 208 billion naira from over 200,000 retail and local investors in the first phase of its capital raise.
The bank's non-banking subsidiaries have shown significant growth, contributing 1.1% to group profits with a total of 14.5 billion naira.
The company has a strong focus on diversifying its earnings, with contributions from West Africa and non-banking subsidiaries increasing.
Guaranty Trust Holding Co PLC (FRA:9JO) has maintained a strong capital adequacy ratio of 39%, providing a solid foundation for future growth.

Negative

Fair value gains from swaps are expected to disappear, which may impact future earnings.
The company experienced a temporary loss of deposits due to issues during a core banking software transition.
There was a notable increase in non-performing loans (NPLs) in the agriculture and individual loan segments.
The bank's East African operations are underperforming, contributing only 1.5% to group profits.
The public offer did not meet its target, indicating potential challenges in raising capital from retail investors.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GTCO.LG - Guaranty Trust Holding Company PLC
Full Year 2024 Guaranty Trust Holding Company PLC Earnings Call
Apr 03, 2025 / 12:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good day, ladies and gentlemen, and welcome to the Guarantee Trust Holding Company PLC full year 2024 conference call.

All participants will be in lesson only mode.

There will be an opportunity to ask questions later during the conference.

If you do need assistance during the call, please signal an operator by pressing and then 0.

Please note that this call is being recorded.

I would now like to send the conference over to Schengen Agbaje, Group CEO. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
---------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.