Guaranty Trust Bank Plc Updates Submission of Half Year Audited Financials to 15th Sept, 2016

Proshare

Thursday, July 21, 2016/ 3.30PM / NSE

In its usual practice of auditing its interim and Full Year results, Guaranty Trust Bank Plc (“the Bank”) has conducted an audit of its financial statements and account, which will be considered and approved by its Board of Directors at its meeting holding on July 27, 2016.

Following the approval of the Audited Financial Statements by the Board, the Bank is required to forward the said Accounts to the Central Bank of Nigeria for its approval before the release on the floor of the NSE.

In view of the fact that the timeframe within which the CBN’s approval of the Audited Financial Statements would be granted is outside the control of the Bank. We envisage that the Bank may be unable to submit the Accounts within the regulatory period provided.

To ensure compliance with the rules of the NSE, the Bank has requested for an extension of the timeframe to file its audited interim results and this has subsequently been granted by the NSE.

Please be advised that this request for an extension is a proactive step in order to accommodate the time required to obtain the approval of the CBN for our half year audited account and will not result in any time frame within which the bank ordinarily publishes its half year results

The Bank expects that the CBN approval will be obtained within the extended period and the Audited Financial Statements published not later than September 15, 2016

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