GT Bank to N1.45 as dividend after profit rises

Guaranty Trust Bank (GT Bank) increased full-year pretax profit 4 percent last year to N107 billion ($649.9 million), the bank reported on Friday.

Gross revenues climbed to N242.67 billion in 2013, against 223.06 billion naira the previous year, it said in a filing with the Nigerian Stock Exchange.

GT Bank proposed a final dividend of 1.45 naira per share, up from the 1.30 naira it paid a year ago.