Euromoney, a financial information company based in Europe, has named Guaranty Trust Bank Plc as the best bank in Africa.The bank was awarded the prestigious prize at the 2019 edition of the annual awards of Euromoney which held in London on Wednesday, July 11. GTBank was also named the best bank in Nigeria for a record ninth time.
Euromoney is the leading publication for covering the growth of international finance for 50 years.
The awards recognizes excellence and celebrates the best banks around the world by targeting institutions that have demonstrated leadership, innovation, and consistency in the markets they operate.The Euromoney awards also recognised GTBank’s commitment to leading the future of banking as well as its consistent long-term strategy.
Commenting on the Bank’s Euromoney awards, Segun Agbaje, chief executive officer of GTBank, said; “We are delighted and proud to win the Euromoney Awards for Africa’s Best Bank and Nigeria’s Best Bank. These awards reflect the progress we are making in delivering the best banking experience that captures what customers want in the world of today and tomorrow. 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.GTBank, 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.” The bank recorded modest growths in key performance indicators for the full year 2018 with pre-tax profit for the 12-month period rising to N215.59 billion.
Key extracts of it’s last audited report and accounts for the year ended December 31, 2018 showed that gross earnings rose to N434.7 billion in 2018 as against N419.23 billion recorded in 2017. It boasts of an asset base of $6.8 billion, making it one of the biggest banks in Nigeria. GTBank’s overall assets are worth about $11.77trillion.