GTBank Assets Rise To N3 Trillion And Shareholders Funds To N400 Billion

Gtbank has reported a record quarterly profit of over N229 billion and an asset base of N3Trillion. Guaranty Trust Bank plc has just released its unaudited financial results for the 3rd quarter ended September 30, 2015, to the Nigerian and London Stock Exchanges.

A review of the 3rd quarter performance shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for the period grew by 15% to N229.4billion from N199.2billion reported in the corresponding period of September 2014; driven primarily by growth in interest income. Profit before tax stood at N92.06billion, representing a growth of 14% from N80.7billion recorded in the corresponding period of September 2014.The Bank’s loan book grew by 0.47% from N1.276trillion recorded in December 2014 to N1.281trillion in September 2015.

The Bank closed the third quarter ended September 2015 with Total Assets and Contingents of N3.002trillion and Shareholders’ Funds of N400.7Billion. The Bank’s non-performing loans remained low at 3.16%. On the backdrop of this result, Return on Equity (ROE) and Return on Assets (ROA) stood at 31.68% and 5.10% respectively.

Segun Agbaje, the Managing Director/CEO of Guaranty Trust Bank plc attributed the Bank’s strong performance to the continued support of its customers, the commitment and hard work of its Staff, Management and Board, and the prioritization of strong corporate governance standards in the Bank’s systems and procedures.

According to Segun Agbaje, the aggressive pursuit of our key objectives for the year, which are focused mainly on adding value to all stakeholders and improving customer experience, are yielding positive dividends and reflecting heavily on the Bank’s performance. “Recognizing we operate in challenging business environments, we set high goals and benchmark ourselves against global standards which influence our service culture and product offerings, thereby enabling us to remain relevant to our customers while adding value to all stakeholders. We will continue to differentiate ourselves by providing innovative solutions that create sustainable value for all our customers and stakeholders while maintaining a high standard in service delivery by prioritizing innovation, integrity and excellence.

He further stated that “As a Bank, we will continue to leverage technology and collaborations to improve service delivery quality, stakeholder interaction points and the overall GTBank customer experience.

GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation. The Bank operates from over 230 branches within the country and has banking subsidiaries in Kenya, Rwanda, Uganda, Cote D’Ivoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.

amiskurie:

Ask Orikinla, Seun, Linda Ikeji and others making millions from the social media and investing and trading at the NSE and NYSE.

Cool

GTBank MD; wins West Africa’s Business Leader of the Year


Guaranty Trust Bank plc has once again reaffirmed its position as a leading global brand with the recent recognition of its Managing Director/CEO; Segun Agbaje as West Africa’s Business Leader of the Year during the 2015 All Africa Business Leaders Awards (AABLA).

The All Africa Business Leaders Awards in partnership with CNBC Africa recognizes individuals who have made profound impact in their respective areas by demonstrating innovation, integrity, accountability and adherence to global best standards.

According to Roberta Naicker, Managing Director of the ABN Group, CNBC Africa is proud to continue the tradition of celebrating visionary leadership and excellence in business across Africa. Through this award, we distinguish and honor leaders who have contributed and shaped the African economy. She further stated that, “In winning this award, Segun Agbaje epitomizes the core values of a successful leader; strength, innovation, ingenuity, knowledge and foresight – values that are imperative to creating and sustaining a business within the Pan-African and global economy.

Commenting on the award, Segun Agbaje, Managing Director/CEO of GTBank said "I am humbled and proud to be recognized as the West African Business Leader of the Year. This award is a testament to a great team of passionate and committed people working tirelessly to build a Proudly African and Truly International Institution. With a vision to create an oasis in Africa where things are done properly, in line with global best practices and ethical standards, the Bank has experienced tremendous growth and achieved significant successes over the years.

He further added that “As a dynamic and driven team, we are determined to achieve more and consolidate our leading position in the banking industry by aggressively pursuing innovative solutions and maintaining a high standard in creating sustainable value for stakeholders.

Under his leadership, the Bank has maintained its dominance of the industry by continually recording significant and enviable financial and non-financial performance. His profundity and vivid understanding of diverse financial landscapes has been critical in ensuring the Bank’s successful foray into various financial markets across West & East Africa while maintaining a presence in Europe through its UK Subsidiary. In due recognition of his visionary leadership, Mr. Agbaje is the recipient of several international accolades such as CEO of the Year from Finance Monthly and Banker of the Year from Finance Monthly and Banker of the Year from World Finance.