Tag: GTCO

GTCO posts ₦169.7billion in 2022 Q3 Profit Before Tax

Jasmin Ekua, Banking & Finance

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an increase of 11.7% over ₦151.9billion recorded in the corresponding period ended September 2021. The Group’s loan book (net) increased by 2.2% from ₦1.80trillion recorded as at December 2021 to ₦1.84trillion in September 2022, while deposit liabilities increased by 6.4% from ₦4.13trillion in December 2021…

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Squad receives Mastercard’s award for accelerating digital acceptance in Africa

Jasmin Ekua, Banking & Finance

In recognition of its efforts to deepen digital payments acceptance for businesses on the continent, the fintech payment product of HabariPay, Squad, has received an award for “Accelerating Digital Acceptance in Africa” at the inaugural session of the Mastercard EDGE 2022. The event was held to recognize outstanding fintech companies and business leaders that are revolutionizing payments in various ecosystems. The Mastercard EDGE – “Envision the Future of Digital, Gateways & e-Commerce Forum” – took place on Wednesday, 12 October 2022, at the Internet City, Dubai. The event hosted tech…

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Squad by GTCO: Reshaping the Nigerian Payment Space

Jasmin Ekua, Banking & Finance

Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency Without a doubt, digital payment is the next growth frontier for financial services. Amongst other extenuating factors, growing digitalisation, mobile penetration, and evolving consumer behaviour have accelerated the shift towards cashless thereby creating entirely new business models and solutions built around payments. Given the key role digitalisation plays in the financial lives of many people today, electronic payments are at the core of the payment…

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