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GTBank named 2013 African Bank of the Year

By The Rainbow


Guaranty Bank PLC has been  named the 2013 Bank of the Year by the African Banker magazine.

GTBank, a highly respected brand in Nigerian financial market, was bestowed with the award in a well-attended ceremony in Marrakech, Morocco on Wednesday.

The award recognizes financial institutions that have emerged as industry leaders and continent trend setters, due to good corporate governance practices, exceptional service delivery within the financial services industry of their country and innovative products.Publisher of African Banker Magazine, Omar Ben Yedder, said, 'We are delighted that Guaranty Trust Bank plc has won this award. Indeed it has been a good evening for Nigerian banks and GTBank has consistently played a leading role in banking in Nigeria. Prudently run, with strong values, it continues to set new standards in banking. Its successful foray in international markets reflects strong fundamentals of a leading institution in Africa.Chief Executive Officer of Guaranty Trust Bank PLC, Mr Segun Agbaje,  attributed the recognition to hard work, discipline and a well-defined operating strategy.

Last year, the bank was named the best bank in Nigeria by the Euro Money magazine for the fourth consecutive year while it earned the 2011 Best Bank in Nigeria award from EMEA finance.

According to Mr. Agbaje, customer satisfaction and service excellence are the foundations of the Bank's business and GTBank would continue to listen to its stakeholders and institute innovations that allow the Bank provide services that surpass its stakeholder's needs.

Guaranty Trust Bank plc was established in 1990 and is regarded by Industry watchers as the best run financial institution within the Nigerian Financial Services space, due to its bias for world class corporate governance standards, excellent service quality and innovation. The Bank emerged from the 2012 financial year as the first Nigerian financial institution to cross the N100 billion Profit Before Tax milestone from continuing operations at both Bank and Group levels.

The Bank operates from over 200 branches within the country and has banking subsidiaries in Cote D'Ivoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom. Its service standards, management quality and financial performance over the years have led to numerous other commendations that include the 2012 Best Bank in Nigeria Award for the fourth consecutive year from Euromoney Magazine and the 2011 Best Bank in Nigeria Award from EMEA Finance.



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By: Alex Rajis