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Nigeria's GT Bank increases dividend after profit rises 4 pct
March 14, 2014 / 3:21 PM / 4 years ago

Nigeria's GT Bank increases dividend after profit rises 4 pct

LAGOS, March 14 (Reuters) - Nigeria’s Guaranty Trust Bank (GT Bank) increased full-year pretax profit 4 percent last year to 107 billion Nigerian naira ($649.9 million), the bank reported on Friday.

Gross revenues climbed to 242.67 billion naira 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. ($1 = 164.6500 Nigerian Nairas) (Reporting by Chijioke Ohuocha; Editing by David Goodman)

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