Business Headlines

GTBank to announce major board changes

Ihesiulo Grace 3 May 2021 0

*Two EDs, four GMS to retire *Olusanya to take over from Agbaje Motolani Oseni Indications are rife that Guaranty Trust Bank (GTBank) may announce a new Managing Director/Chief Executive Officer this week, following Mr Segun Agbaje retirement, after leading it for 10 years. The financial

Business

Access Bank, GTBank, 2 others contribute N54.6bn to AGSMEIS

Ihesiulo Grace 27 April 2020 0

In supporting the federal government at promoting agricultural businesses as well as Small and Medium Enterprises, four banks in the country have contributed N54.6 billion to Central Bank of Nigeria (CBN)  Agri-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS) in 2019. Investigation by our correspondent revealed that Access Bank Plc, among three banks, had

Business

Coronavirus: Shareholders applaud GTBank’s decision to hold AGM by proxy

Ihesiulo Grace 27 March 2020 0

Shareholders of Guaranty Trust Bank (GTBank) Plc. on Thursday lauded the bank’s decision to go ahead with the 2019 Annual General Meeting (AGM) in spite of Coronavirus widespread. The shareholders made the commendation in an interview with the News Agency of Nigeria (NAN) in Lagos, while reacting to the bank’s plan to hold AGM slated […]

Business

GTBank reports 32.8% increase in USSD transaction to N3.55trn in 2019

Ihesiulo Grace 16 March 2020 0

Guaranty Trust Bank plc (GTBank) has reported 32.8 per cent increase in its Unstructured Supplementary Service Data (USSD) transactions in 2019 to N3.55trillion as against N2.68trillion reported in 2018. The lender in its presentation to investors and analysts disclosed that total volume of USSD transaction in 2019 was 575.8 million, 33.4 per cent increase over […]

Business

GTBank will win the war within digital payment space – Agbaje

Ihesiulo Grace 2 March 2020 0

The Chief Executive Officer, Guaranty Trust Bank (GTBank) Mr. Segun Agbaje has said the bank will continue focusing on caring about human feelings to win the digital payment space in future. Agbaje made the statement while discussing the topic,” Going beyond the Digital Experience” at the Social Media Week (SMW) in Lagos. Northern Govs laud […]

Business

GTBank, FCMB lead others as best banks in customer experience

Ihesiulo Grace 16 January 2020 0

KPMG Nigeria has disclosed that Guaranty Trust Bank plc (GTBank) Plc, FCMB Plc have been rated best above others in the order of customer experience in 2019. The latest Nigeria Banking Industry Expectation Survey released by international auditing firm disclosed also Citibank Plc as one of the best banks in terms of customer experience in […]

Business

Trust is needed in driving brand success in a competitive environment -Ugo Geri-Robert

Ihesiulo Grace 22 March 2019

Godwin Anyebe The Chief Executive Officer of Kantar Millward Brown Nigeria, Mrs Ugo Geri-Robert has reiterated the importance of trust as a factor in building brand success especially in a competitive environment. While noting that level of trust includes, aspirational, emotional, motivation and functional, she said trust is essential to brand building as one can’t […]

Business Headlines

15% profit drop looms in Nigerian banks -Report

Ihesiulo Grace 23 April 2018 0

As Treasury-bill rates continue to fall, while asset yields are trending south, making it almost impossible to re-price liabilities to match, banks operating in Nigeria have been warned to either find other sources of income or face an average of 15 per cent drop in their Profits Before Tax (PAT) expectation for 2018. It is […]

Business

GTBank drives efficiency, grows other income by 305%

Ihesiulo Grace 19 April 2018 0

Guaranty Trust Bank has released its 2018 first quarter results, declaring a profit after tax of N44.7bn. The profit represented a 7.7 percent growth from N41.5 billion recorded in the same period of 2017. Gross earnings grew by 4.6 percent to N108.97bn while income tax expense dropped 10.8 percent to N7.95bn. Net Assets, however, fell […]

Business Headlines

Access, GTB, Zenith, others boost agric, SMEs with N16.8bn

Ihesiulo Grace 6 April 2018 0

*As CBN directs banks to set aside 5% PAT for scheme * ‘Scheme designed to support FG’s efforts at promoting agro business, SMEs’ Five commercial banks, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), First City Monument Bank Holdings Plc, Stanbic IBTC and Zenith Bank Plc, have supported the Central Bank of Nigeria (CBN)’s Agri-Business/Small […]

Business Headlines

Revealed: How 6 banks boosted lending by N10.4trn in 2017

Ihesiulo Grace 26 March 2018 0

No fewer than six commercial banks accounted for total lending of N10.4 trillion to their customers as at December 31, 2017, representing growth of 0.6 per cent from N10.37 trillion loans granted to customers in 2016. The Deposit Money Banks (DMBs) include Access Bank, Guaranty Trust Bank Plc (GTBank), Ecobank Transnational International (ETI) and Zenith […]

Business Headlines

GTBank remains strong, records N200.24bn PBT in 2017 financial result

Ihesiulo Grace 15 March 2018 0

.. Proposes N2.40 final dividend Guaranty Trust Bank (GTBank) Plc has announced Profit Before Tax (PBT) of N200.2billion in the 2017 financial year, representing a growth of 21.3per cent over N165.1bn recorded in the corresponding year ended December 2016. The bank on Wednesday, released its audited financial results for the year ended December 31, 2017 […]

Business

GTBank strengthens non-oil export trade value chains

Ihesiulo Grace 1 March 2017 0

Guaranty Trust Bank (GTBank) has trained operators in the Non-Oil business value chains, in order to explore forex revenue potentials in the sector. Speaking at the workshop held recently in Lagos, SriramVenrateswaran, an exporter/CEO, Fullmark Commodities Limited, suggested that exporters should be allowed to sell their export proceeds to importers to fund their import

Business Money

GTBank appoints Soyoye into board

Ihesiulo Grace 3 January 2017 0

Guaranty Trust Bank has appointed Mr. Babatunde T. Soyoye as an independent non-executive director to fill the vacancy created on the Board by Mr. Andrew Alli, who retired from the bank as independent non-executive director.   Already, the Central Bank of Nigeria has statutorily approved the appointment of Soyoye, a professional with over 24 years’ […]

Business Money

GTBank rewards customer with Porsche luxury car

Ihesiulo Grace 25 December 2016 0

After six months of a promo to reward customers, Guaranty Trust Bank has announced Abdulkareem Buhari, as the winner of its Porsche 911 Giveaway Draw for Platinum Banking Customers. The GTBank Porsche 911 Giveaway is part of the Bank’s Platinum rewards for its Platinum Banking Customers, a niche segment that enjoys premium products and dedicated […]