Nigeria’s Guaranty Trust Bank (GT Bank) is not looking to refinance its Eurobond due next year because it does not see opportunities to grow its dollar loan book, its chief executive told Reuters on Wednesday.
Segun Agbaje said the bank expected naira loans to grow 10 percent this year, down from 15.8 percent last year, largely due to a currency devaluation.
He said the bank expected a N168 billion ($550 million) pretax profit for 2017, up from N165 billion the year before.
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
