By Kingsley Ogunwa InvestAdvocate
Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc has secured a double honour at the Euromoney awards when it emerged Nigeria’s Best Bank and Africa’s Best Bank SMEs in London.
The Euromoney awards held last Thursday July 6, 2017 is now in its 26th year and covers more than 20 global product categories, best-in-class awards and the best Banks in over 100 countries around the world by recognising institutions that have demonstrated leadership, innovation, and momentum in the markets they operate.
In selecting its recipients, Euromoney combines quantitative and qualitative data to honor institutions that have brought the highest levels of service, innovation and expertise to their customers.
Clive Horwood, Euromoney Magazine’s Editor said, “Nigeria went through a difficult year, as low oil prices and capital flight continued to hurt the country’s economy. Many banks struggled as a result of this but GTBank remained strong, recording significant and enviable financial and non-financial performance,” he said in a statement.
According to him, the bank’s digital transformation drive has been very successful as it has enabled the bank to deepen financial inclusion across Africa with its array of tailor-made digital solutions that has made banking simpler and more accessible.
Commenting on the award, Segun Agbaje, Managing Director/CEO of GTBank said: “We are honored to win the Best Bank in Nigeria award a record eight times and to be recognised as Africa’s Best Bank for SMEs. These awards reflect our progress in building strong, value adding relationships with our customers whilst positioning the bank as the financial institution for Small and Medium Enterprises through our creation of free business platforms that are geared towards promoting enterprise in key economic sectors.”
Agbaje affirmed that bank remains committed to maximising shareholders’ value and delivering superior and sustainable return, guided by its founding values of hard work, discipline and integrity.
GTBank has consistently played a leading role in Africa’s banking industry. The 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.
Shares of the foremost African financial institution at the close of last week’s trading on the Nigerian bourse increased 1.76 percent to N34.60 from N34.00 traded the previous session; gaining 0.60 kobo per share.