Bookmark and Share

GTBank Launches GTPatriot, a Subsidized Banking Package for Nigeria’s Military and Paramilitary Personnel

Lagos, Nigeria - June, 2017

Foremost financial institution, Guaranty Trust Bank plc, has launched GTPATRIOT, a unique Salary Account Package which offers Nigeria’s servicemen and servicewomen subsidized banking products and dedicated value added services. The GTPatriot Account allows serving members of the Military and Paramilitary institutions to open accounts with zero minimum balance whilst offering reduced Current Account maintenance fees and access to loans at reduced interest rates, amongst other value added services.

GTBank has been at the forefront of providing innovative account packages designed for the unique needs of various segments of the society. Among these account packages are the GTCrea8 e-Savers account which offers young people, especially undergraduates, benefits beyond banking, such as scholarships and career master classes, and the GTBank Seniors Account which offers senior citizens aged 65 years and above free banking services. With the introduction of the GTPatriot Account, the bank will expand and deepen its relationship with another core segment of the society in line with its goal of enriching the lives of all customers and the communities in which it operates.

Commenting on the launch of the GTPatriot Account, the Managing Director of Guaranty Trust Bank Plc said, “As an institution that deeply believes in service, we are excited to introduce this premium account that recognizes, applauds and appreciates the invaluable service that members of military and paramilitary institutions offer to the nation. The GTPatriot Account Package goes beyond providing best in-class banking products to servicemen and women, it includes a wide range of value added benefits that guarantees a superior banking experience and genuinely enriches their lives.”

He further stated that “We will continue to create innovative and specially targeted products and services in order to ensure long-term value adding relationships with several segments of our customers and the communities in which we operate.”

Guaranty Trust Bank plc has always been at the forefront of industry innovations within the Nigerian financial services sector and plays 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.


Communication & External Affairs
Tel: 234-1-2715227

 

GTBank Launches GTWorld, Nigeria's First Fully Biometric Mobile Banking App

Lagos, Nigeria – May, 2017.

 

Foremost African financial institution, Guaranty Trust Bank plc, is leading the future of digital banking with the launch of GTWorld, a mobile banking app that is designed to cater to all that's important to customers easily and seamlessly.

 

Built on the back of the bank’s customer-centric digital strategy, GTWorld (available for download from the Google Playstore for Android phones and the Apple App Store for iPhones) features biometric authentication, such as facial recognition and fingerprint, which recognizes a customer and adapts to how and when they want to bank. The Mobile banking app also features a seamless switch to GAPS-Lite, the online banking platform for small businesses which offers a flexible and secure channel to make payments and collections anywhere in the world.

 

With the rapid growth of Smartphone penetration in Nigeria, there has been a steady increase in the adoption of mobile banking solutions. Smartphone users are however very conscious about the security and efficiency and convenience of such applications; and on those three fronts, the GTWorld app excels remarkably. The mobile banking App offers customers access to more than 90 percent of the Bank’s services on their Smartphones, guarantees further security through biometric authentication and ensures convenience through the Quick feature, which enables a user to perform transactions without signing in, among others.

 

 

GTWorld empowers customers, like never before, to make payments and access in-branch services swiftly and seamlessly, without going to a branch. Some of the App's many innovative features include sending money to people using their mobile phone numbers, withdrawing from an ATM without a debit card, and conducting self-transfers without having to login the App, amongst several others. When switched to GAPS-Lite, the app offers small business owners access to real-time monitoring of all transactions and the ability to make Bulk and single transfers on the go to any account in the world.

 

Commenting on the launch of GTWorld App, Segun Agbaje, the Managing Director of Guaranty Trust Bank plc, stated that “We are delighted to be at the forefront of digital banking solutions that are making banking faster, easier and safer for our customers. The simplicity of GTWorld and innovations such as facial recognition and fingerprint also ensure that our customers enjoy a seamless experience, anywhere, anytime and anyhow that they choose to bank.

 

He further added that, “GTWorld also reflects our commitment to driving digital banking solutions that not only enable our customers to make financial transactions, but also position us at the centre of an ecosystem that offers them benefits beyond banking.”

 

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.

 

Communication & External Affairs 

Tel: 234-1-2715227

 

GTBank wins 2016 African Bank of the Year - Africa Banker Awards

Lagos, Nigeria – May, 2017.

 

Foremost African financial institution; Guaranty Trust Bank plc has been named the African Bank of the Year at this year’s African Banker Awards. The Awards was presented during a prestigious gala dinner on 23rd May Ahmedabad, India, on the sidelines of the Annual Meeting of African Development Bank.

 

Now in its 11th year, The African Banker Awards is internationally recognized as the landmark finance event to reward achievements, commend best practices and celebrate excellence in African banking. The award provides a platform to bring together industry leaders from across Africa, celebrate the achievements of those driving economic growth and shaping the future of Africa.

 

Commenting on the awards ceremony, Publisher of African Banker Magazine; Mr Omar Ben Yedder said “In the year under review, GTBank demonstrated positive results across numerous indices, including a strong balance sheet, growing customer base and a continuous regional expansion. The Bank’s strong performance in 2016 underlined the success of its strategy which was reflected in a Net profit growth of 37% in 2016 despite difficult trading conditions in its main market. He further stated that, “The bank is at the forefront of innovation through simple and accessible digital banking platforms, which allowed it to gain 10 million customers who have long been excluded from banking.

 

Receiving the award on behalf of the Bank, Segun Agbaje, Managing Director/CEO of GTBank said: "We are honored to be recognized as the best bank in Africa by a globally renowned and well respected magazine. This award is an affirmation of our commitment to creating sustainable value for our customers, shareholders and the communities in which operate. He added that “Our vision has always been to create an African institution that can compete anywhere in the world in terms of good corporate governance, innovation and superior service delivery, and buoyed by this award, we are determined to consolidate our leading position as Africa’s leading bank by positioning ourselves at the centre of our customers’ social and digital lives to offer them benefits beyond banking.

 

GTBank has consistently played a leading role in Africa’s banking industry and reported the best financial ratios for a Financial Institution in the industry with a return on equity (ROE) of 28.8% and a cost to income ratio of 40.76%, evidencing the efficient management of the banks’ assets. Overall, the Bank has enshrined its position as a clear leader in the industry.

 

In due recognition of the Bank’s leading role in Africa’s banking industry, owing to its bias for world class corporate governance standards and excellent service delivery and innovation, GTBank was recognized in 2016 as the Best Bank in Nigeria by Euromoney, and Best Banking Group Nigeria by World Finance Magazine.

 

Communication & External Affairs 

Tel: 234-1-2715227

 

GTBank Remodels Herbert Macaulay Library

Lagos, Nigeria – May, 2017

 


Foremost African financial institution, Guaranty Trust Bank plc, has transformed the old Herbert Macaulay Library, Yaba into a state of the art learning and recreation facility. Executed in partnership with the Lagos State Government, the project is part of the Bank’s YOU READ CSR Initiative which identifies, renovates and reequips public libraries, turning them into centers for learning and social engagements for students and the general public.

 

Public libraries play a fundamental role in the lifelong mental and intellectual development of individuals as well as in enabling broad societal development. However, the inadequacy of public library services and infrastructure in Nigeria has hampered the fulfillment of these crucial roles. Concerned about the state of public libraries in Nigeria, and motivated by the belief that quality education is crucial for nation building and a fundamental right of everyone irrespective of background, race, or economic status, GTBank created the You Read Initiative to connect people with a global resources of information and knowledge.


With the goal of raising the Herbert Macaulay Library to global standards, GTBank carried out a total overhaul of the internal and external structures of the facility. These included a complete refurbishing of the building, equipping the library with state of the art furniture, the installation of computer and internet facilities to create an e-library and the provision of books to ensure a pleasurable and highly rewarding library experience. The Bank is also calling on member of the general public to donate new and used books in good condition to the library in order to expand the scope of resource materials available at the event.


Commenting on the renovation of the Herbert Macaulay Library, Yaba, Segun Agbaje, the Managing Director of Guaranty Trust Bank plc, stated that, “We are happy to provide this much-needed upgrade to a facility that is crucial to the academic and personal development of members of the Yaba community as well as residents of Lagos State and beyond. Libraries are the cornerstones of our communities, and the new-and-improved Herbert Macaulay Library, Yaba will not only serve as a centre for learning and research, but will also provide a warm and welcoming environment for sharing experiences and creating new opportunities.


He further stated that, “At the heart of the You Read initiative is our commitment to transform our organization into a platform for enriching lives that offers our customers and communities, benefits beyond banking. Beyond the renovation of the Herbert Macaulay Library, Yaba, we, through this initiative, seek to encourage and engage people, especially students in all stages of their education, to read, build capacity, gain exposure and connect with peers and educators around the world.”


About GTBank

GTBank is regarded by industry watchers as one of the best run African 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’s footprints in Corporate Social Responsibility are guided strategically by its decision to operate on four major pillars: Education, Community Development, Arts and the Environment, which it believes are essential building blocks for the society and prerequisites for economic growth and societal development.

 


About The Herbert Macaulay Library, Yaba

The Herbert Macaulay Library Yaba is one of the 12 branch library in Lagos State providing free education and information for the residents of Lagos State and beyond. Renovated by GTBank through its You Read CSR Initiative, the Library offers free access to academic and non-academic books, internet-enabled computers, exhibitions, and more to everyone from toddlers to scholars. Originally built in 1966, the Library was later renamed after the renowned nationalist, Olayinka Herbert Macaulay.

 

 

Communication & External Affairs 

Tel: 234-1-2715227

 

GTBank Lagos State Principals Cup (Season 8) Enters Semi Finals Stage

Lagos, Nigeria – May, 2017

 

The semi-final matches of the 2017 GTBank Lagos State Principals Cup (Season 8) are set to hold on Wednesday the 24th of May, 2017 at the Onikan Stadium in Lagos.

 

With 27 goals scored in the quarter-finals stage of the competition, the semi-finals promises to be another feast of goals. In the female category, Sanya Senior Grammar School, Surulere will face Government Senior College, Agege in the first semi-final match of the day. They will be followed by Senior High School, Ikorodu who will compete with Isale Eko Grammar School, Lagos Island for a spot in the Finals. In the male category, Ijaiye Housing Estate Senior Grammar School, Ojokoro will play against Odogunyan Senior Grammar School, Ikorodu while Mushin Senior College, Oworonshoki will take on Ikotun Senior High School, Ikotun for the chance to win the coveted trophy.

 

GTBank has been at the forefront of promoting grassroots football in Nigeria since 2009 when the GTBank Lagos State Principals Cup was launched. Now among the largest and most widely followed grassroots soccer competitions in Africa, the tournament is aimed at actively engaging secondary school students through sports whilst promoting the values of excellence and fair play. The competition also provides a platform for identifying, nurturing and grooming young and talented players and helping them on the journey towards actualizing their dreams of becoming world class footballers.

 

Commenting on the competition, Segun Agbaje, the Managing Director of Guaranty Trust Bank plc, said; "Sport plays a major role in the development of life skills and this competition paves the way for youths to cultivate their sporting talents and aptitudes, while fostering and building a healthier lifestyle at a critical stage in their lives." He further stated that, "We are thrilled by the outstanding performances in the competition thus far and remain committed to providing an avenue for students to showcase their talents and passion for the game of football even as they remain committed to their academics."

 

Guaranty Trust Bank plc is a leading financial institution in Nigeria that has maintained a defined Corporate Social Responsibility (CSR) strategy since its inception in 1990. The Bank actively supports in-classroom and out-of-classroom educational programmes, infrastructure development, students’ scholarship and teachers training across Africa.

 

Communication & External Affairs 
Tel: 234-1-2715227