Proposing Nigeria’s Chief Productivity Officer as GTBank’s GTCO Hits CIR of 17%

GTCO’s GTBank cost-to-income ratio: 2023 half year: 27.7% 2024 half year: 16.7% Outcome: most profitable bank in Nigeria, with a recorded profit-before-tax of ?1.004 trillion in 6 months. This institution is also the most valuable bank in Nigeria. In Nigerian banking, the average cost-to-income ratio (CIR) is about 60%, but one bank runs at 16%. [...]The post Proposing Nigeria’s Chief Productivity Officer as GTBank’s GTCO Hits CIR of 17% appeared first on Tekedia.

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