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GTBank wins award for SME support

By The Citizen
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Guaranty Trust Bank Plc has emerged the winner of the 2014 Product Leadership Award in recognition of the bank's efforts to offer robust value to the Small and Middle Enterprises in Nigeria.

This was announced at an event held on October 30 at the Monte Carlo Bay Hotel & Resort, Monaco, France.

The organizers of the award, Frost & Sullivan, a growth consulting firm, provides market research and analysis, growth strategy consulting, and corporate training services across multiple industries such as banking, automobile, healthcare, Internet and communication technology.

The General Manager, Communication and External Affairs, GTBank, Mrs. Lola Odedina, while receiving the award on behalf of the bank, said, 'The SME sector is paramount towards the development of the Nigerian economy, as 96 per cent of Nigerian businesses are SMEs. The bank has continued to demonstrate its support for the SMEs through the introduction of innovative products and services to boost their businesses.'

According to the statement, GTBank introduced GTPay and GAPS platforms to facilitate quick, safe and efficient payment systems for the SMEs.

The bank said it developed the SME MarketHub, an online e-commerce platform to allow the SMEs to create and maintain an online presence and expand their businesses to new markets as well as millions of buyers online.

'The introduction of the SME MarketHub continues to highlight GTBank as a frontrunner in innovative banking solutions, as e-commerce is widely acknowledged as a powerful tool for fully enhancing business possibilities as it opens up a world of businesses to customers and a world of customers to businesses,' it said.

According to the statement, GTBank has consistently played a leading role in Africa's banking industry and is regarded by industry watchers as one of the best run financial institutions on the continent and its operations span 10 countries.