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Promoting Good Governance.

GT Bank clinches Euromoney best bank award in Africa

also named best bank in Nigeria for a record nine times

GUARANTY Trust Bank Plc on Wednesday was named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence which held at the Hilton Hotel, Park Lane, London.

The Nigerian Bank was also named the Best Bank in Nigeria for a record ninth time, reflecting the Bank’s position as one of the best managed financial institutions in the country.

Segun Agbaje, the Chief Executive Officer of the bank, in his vote of thanks said that the award for the financial institution serves to indicate the progress been made to ensure the delivery of the best banking experience that captures what customers want.

“They are also a testament to our leading role in driving world-class corporate governance standards, excellent service quality and innovation in Africa’s banking industry.

“At GT Bank, we are passionate about building the bank of the future by leveraging the best of technology to add real value to our customers’ lives, and these awards illustrate the hard work and commitment of our staff, management, and board towards achieving this goal,” Agbaje added.

GT Bank brand is regarded by industry watchers as one of the best run financial institutions across the continent and serves as a role model within the African financial service industry.

The bank, reportedly recorded modest growth in key performance indicators for the full year 2018 with profit before tax for the 12 months rising to N215.59 million.

Key financial extract of the bank last audited report and account for the year ended December 31, 2018, showed that that gross earnings rose to N434.7 billion in 2018 as against N419.23billion recorded in 2017.

It boasts of an assets base of $6.8 billion, making it one of the biggest banks in Nigeria.

GT Bank’s assets are worth about $11.77 trillion.

DBS was named as the world’s best bank for 2019, while JP Morgan won world best investment bank of the year and Andreas Treichl, the chief executive of Austria’s Erste Group, was named Euromoney’s banker of the year. Erste’s Treichl recognised as the banker of the year.

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