₦airaland Forum

@dappsee the results show that all is not lost for our Nigerian Banks. Before i go further, let me correct a statement in the synopsis you gave. GTBank was the first bank to comply with the common year end when in 2008, they had a 10-month financial year ending Dec 31st, 2008 instead of 12month to Feb, 2009. This makes it the 2nd year that GTbank would be releasing its results in line with the common year end.

It's good to see that Zenith is now the Most capitalised Banking stock on the NSE after many years of First Bank holding that position. Also, according to the most recently published audited financial statements of Nigerian banks prepared in accordance with Nigerian GAAP among Tier 1 banks in Nigeria as identified by Agusto & Co., GTBank www.gtbank.com is the most profitable bankmeasured in terms of Return on Assets (ROA), the most efficient bank measured in terms of cost to income, has the second best asset quality measured in terms of non-performing loan (NPL) ratio and, among all banks in Nigeria, the Bank is the sixth largest bank in terms of total assets,

The results that have been published points to the fact that the industry still remains in good shape,

"i wanna be the best and not just good",  I would really like to kno who sang the song,  great beats!

Guys,

The much awaited bank poll is now on Nairaland, Put your votes where your heart is!!!!!

Remember, you cannot vote twice,

GTBANK NAMED BEST BANK IN NIGERIA
The Guardian

AFRICA'S first bank to be listed on the London Stock Exchange, Guaranty Trust Bank Plc, has achieved yet another feat with its recent recognition by the international finance magazine, Euromoney, as the "Best Bank in Nigeria" at the 2009 Euromoney Awards for Excellence Dinner in London.

Guaranty Trust Bank's Deputy Managing Director, Segun Agbaje received the award in London on behalf of the bank.

In recognising GTBank for the award of "Best Bank in Nigeria", Euromoney highlighted its leadership in the financial sector, saying, "Guaranty Trust was one of the first banks to institute International Financial Reporting Standards (IFRS), a move that has been followed by others."

Euromoney was also particularly impressed with GTB's expansion into the unbanked market, making it less reliant on a narrow base of customers in the major cities. It noted that GTBank has been good at expanding retail lending to those without official banking relationships and is beginning to distribute advances and take deposits through mobile banks in rural areas.

This feat is yet another attestation to Guaranty Trust Bank's growing profile on the African continent and the commitment of all members of the GTBank team to ensuring that the bank's core values of integrity, professionalism and superior service delivery are maintained at all times.

GTBank's ever growing list of achievements over the years serve to enhance the bank's reputation as one of Nigeria's most profitable and fastest growing banks and reinforces the AA- (double A minus) by Fitch; and BB- (double B minus) by Standard & Poor's - the best ratings assigned by the two international rating agencies to any Nigerian or West African-based bank. Remarkably, the Standard & Poor's rating is the same as Nigeria's sovereign rating.

In terms of bottom line performance, GTBank has led the way with a "34 per cent increase in net profits for the awarding period among Nigerian banks."

Furthermore, Euromoney noted the more sustainable nature of the banks earnings profile, "GTBank was one of the best at avoiding margin lending in the industry and has increased its liquidity position exceptionally well". Total assets and contingents for the bank during the period also rose by over 37 per cent.

Other winners that were announced included HSBC wining the "Global Best Bank" award, and Credit Suisse scooping "Global Best Investment Bank."

Guaranty Trust Bank currently has five banking subsidiaries established outside of Nigeria - Guaranty Trust Bank (Gambia) Limited, Guaranty Trust Bank (Sierra Leone) Limited, Guaranty Trust Bank (Ghana) Limited, Guaranty Trust Bank (Liberia) Limited and Guaranty Trust Bank (United Kingdom) Limited.

The bank services its customers from 154 branches in Nigeria, as well as other branches of its subsidiaries throughout the region. It also has five non-banking subsidiaries namely; Guaranty Trust Assurance Plc, which provides insurance services in Nigeria; GTB Registrars Limited, a securities registrar; GTHomes Limited, which provides mortgage services; GTB Asset Management Limited, which provides asset management and other investment services and GTB Finance B.V., a finance subsidiary located in The Netherlands.

[url]http://www.ngrguardiannews.com/business/article09//indexn3_html?pdate=130709&ptitle=GTBank%20named%20best%20bank%20in%20Nigeria&cpdate=130709[/url]

www.gtbank.com

Guaranty Trust Bank is the Best Bank in Nigeria. This was affirmed at the 2009 Euromoney Awards last week in London (www.gtbank.com/display.php?mtd=news.php?id=65 )

The Euromoney Awards for Excellence is the foremost financial award in the world

Best Bank in Nigeria - Guaranty Trust Bank, at the 2009 Euromoney Awards (www.gtbank.com/display.php?mtd=news.php?id=65 )

BTW, Euromoney Awards for Excellence is the foremost financial award in the world

Mehn!, This Asa girl is Goood, Those GTbank guys know how to pull stuntz ooo