GTBank News Feed http://gtbank.com Sun, 26 Mar 2017 05:22:21 +0000 Open Source Excellence RSS Feeder en-gb The 2017 GTBank Food and Drink Fair set to hold during Workers’ Day holiday http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/710-the-2017-gtbank-food-and-drink-fair-set-to-hold-during-workers-day-holiday http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/710-the-2017-gtbank-food-and-drink-fair-set-to-hold-during-workers-day-holiday Lagos, Nigeria - March, 2017

Food lovers from across the world can once again look forward to an unparalleled culinary experience as the 2nd edition of the GTBank Food & Drink Fair is set to hold during the Worker’s Day holiday on Sunday the 30th of April and Monday the 1st of May, 2017. The 2-day event will treat attendees to enthralling gastronomic tours across a wide variety of exciting cuisines and delicacies while offering small businesses in the Nigerian Food Industry a free and vibrant platform to connect with a wider segment of their target markets as well as experts in their business fields.

The GTBank Food and Drink Fair was created by foremost African Financial Institution, Guaranty Trust Bank Plc, as part of its efforts to empower small businesses. The 2016 debut of the consumer-focused event received very positive reviews nationally and internationally, had over 90 exhibitors from the food sector and attracted over 25,000 guests over the 2-day period. It was followed by the first edition of The GTBank Fashion Weekend, held in November 2016, which achieved a similar impact in the SME segment of the Nigerian fashion industry and featured over 100 exhibitors and about 30,000 guests.

The GTBank Food and Drink Fair, which is free to attend, will expand on the favourite features of the previous event, such as Cooking MasterClasses and Sales Exhibitions by small businesses, whilst providing new and exciting features such as a Farmers’ Market, where SMEs involved in agriculture will showcase and sell fresh and organic farm products, and a Baking Masterclass for children kids. There will also be a diverse range of restaurants offering mouth-watering dishes, outdoor grills and thrilling entertainment as well as savoury Wine tastings to enable attendees experience an exciting and eclectic mix of undiscovered brands and household names alike.

Commenting on the GTBank Food & Drink Fair, Mr Segun Agbaje, the Managing Director of Guaranty Trust Bank plc, said; “We are delighted to return with the 2nd edition of the GTBank Food and Drink Fair. This year, we are raising the bar on the scope and features of the event to deliver an exquisite experience of Nigeria’s diverse culinary mosaic to our customers, the general public and food enthusiasts from around the world. He further stated that, “With the successes of the first editions of the Food and Drink Fair and Fashion Weekend events, we are encouraged to do more; connecting businesses to consumers, creating new markets and business opportunities for our customers.

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 is also going beyond the traditional understanding of Corporate Social Responsibility as corporate philanthropy by intervening in key economic sectors to strengthen small businesses through non-profit consumer focused fairs and capacity building initiatives that serve to boost their expertise, exposure and business growth.


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omatseyin.ayonronmi@gtbank.com (Omatseyin Ayonronmi) Wed, 15 Mar 2017 00:00:00 +0000
GTBank Wins Six EPIS Awards http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/707-gtbank-wins-six-epis-awards http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/707-gtbank-wins-six-epis-awards Lagos, Nigeria - March, 2017

Guaranty Trust Bank Plc (GTBank) said it reaffirmed its position as Nigeria’s leading financial institution on e-payments with its emergence as a multiple award winner during the 2017 Electronic Payment Incentive Scheme (EPIS) awards organised by the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS) recently.

With six awards, GTBank took home half of the dozen honours won by Banks and had the highest number of the total awards presented to the financial institutions, Fin-techs, merchants and other stakeholders in the Electronic Payment Incentive Scheme.

The EPIS Efficiency awards was established to reward and celebrate financial institutions, merchants and other stakeholders at the forefront of driving electronic payment in Nigeria. Among the awards won by GTBank are the Best Customer Experience Award (Electronic Payment Platform Experience); for achieving the highest level of overall customer satisfaction in the delivery of electronic payment services to customers, the Cashless Driver: Instant Payments; for the Bank’s outstanding performance in recording the highest transaction count on the NIBSS Instant Payments (NIP) Platform and the Cashless Driver: Point of Sale (POS) Issued Cards’ Transactions for having the highest Point of Sale (PoS) transaction count on the National Central Switch with Issued Payment.

GTBank also won the award for Instant Payments Transaction Efficiency; for achieving the highest transaction count in Point of Sale (PoS) terminals through the National Central Switch (NCS) Platform, the Point of Sale Card Transaction Efficiency; for the Bank’s outstanding performance in recording the highest level of efficiency in card payments on POS terminals connected to the National Central Switch and the award for the Electronic Data Rendition Compliance and Integrity for the Bank’s outstanding performance in ensuring customer data integrity and compliance to CBN mandated submissions.

“We are delighted and proud to recognise, encourage, appreciate and reward financial, non-bank and other stakeholders in the EPIS that has been driving the electronic banking channels in Nigeria,” said the Deputy Governor, Operations Directorate, CBN, Mr. Adebayo Adelabu.

The Managing Director of NIBSS, Adebisi Shonubi, added that the event was a reward for all the years of commitments by stakeholders in the finance industry who have tried to push forward Nigeria’s quest for electronic payment.

Commenting on the awards, Segun Agbaje, Managing Director/CEO of Guaranty Trust Bank plc, said: “We are incredibly excited to receive such outstanding honours from the apex regulators in the banking sector. Receiving these awards is indeed humbling and we are encouraged to continue to do more.

He further added that; “As a bank, we will continue to focus on digitising our services and creating a well segmented and integrated customer experience.”


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omatseyin.ayonronmi@gtbank.com (Omatseyin Ayonronmi) Mon, 06 Mar 2017 00:00:00 +0000
GTBank honoured at Euromoney Private Banking awards http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/706-gtbank-honoured-at-euromoney-private-banking-awards http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/706-gtbank-honoured-at-euromoney-private-banking-awards Lagos, Nigeria - February, 2017

Guaranty Trust Bank Plc has reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Private Banking Services, Best Commercial Banking Capabilities & Best Net-worth Specific Services in Africa’ during the Euromoney Private Banking Awards. The awards held last Wednesday at the Plaisterer’s Hall , London, United Kingdom (UK).

The awards, which is in its 14th year, has the Euromoney Private Banking and Wealth Management Survey as the industry’s leading barometer for product innovation and service delivery to private banking clients. The survey covers 15 different products and client categories on global and regional bases, and has ranking results in 70 countries.

According to Helen Avery, private banking editor, “this year, close to 700 institutions took part in the survey, 2,951 valid responses were received, representing a 12.8 per cent increase from last year figures. GTBank’s recognition in three categories was a testament to the thorough work the bank was doing to deliver the utmost in banking services to its private banking clients. It is hard enough to win in just one category, but to emerge victorious in three, clearly showcased the strength and efficiency of its value proposition to this particular segment of its customer base”.

Receiving the award on behalf of the bank, Managing Director/CEO of GTBank, Segun Agbaje, said: “We are honoured to receive such international recognition for our private banking services. Winning this award is an acknowledgement of the hard work and dedication of our staff, management and Board to developing and delivering private banking services to the highest standards. It also represents our commitment to serve High Net Worth clients in an innovative way, with products and services tailored to their specific needs.”


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omatseyin.ayonronmi@gtbank.com (Omatseyin Ayonronmi) Fri, 24 Feb 2017 00:00:00 +0000
GTBank – Principals Cup Season 8 kicks off http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/705-gtbank-principals-cup-season-8-kicks-off http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/705-gtbank-principals-cup-season-8-kicks-off Lagos, Nigeria - February, 2017

Foremost African Financial Institution, Guaranty Trust Bank plc, has announced the commencement of Season 8 of the GTBank Principals’ Cup.

For the past 7 years, GTBank has continued to promote grassroots football through the organization of the prestigious Principals Cup competition, which is one of the largest grassroots competition in Africa. The Guaranty Trust Bank plc sponsored tournament, which is aimed at actively engaging secondary school students through sports whilst promoting the values of excellence and fair play, provides a platform for identifying, nurturing, grooming young and talented players and also helping students work towards their dream of being world class footballers.

Season 7 of the Principals Cup produced an exhilarating encounter with over 360 teams competing to be the ultimate champions of the prestigious tournament. In the boys’ category, Dairy Farm Senior Secondary School completed a hatrick of championships (after winning in 2012 & 2014) and became the first team to permanently retain the trophy while Ikotun Senior High School held unto the cup in the girls’ category. About 370 schools comprising of girls and boys from various secondary schools in Lagos State will compete in the 2017 edition (Season 8) of the Principals Cups competition.

While commenting on the importance of education in nation building, Mr. Segun Agbaje, Managing Director, GTBank said that “Sports and education are fundamental in fostering camaraderie and discipline amongst youths and imperative to their development. We are therefore proud to be pioneers of this initiative that provides an avenue for students to showcase their talents and passion for the game of football whilst staying in school”. He further stated that “At GTBank, we will continue to invest massively in youth development through education and sports in order to help more youth people actualize their dreams.

Over the years, the GTBank Principals Cup has launched the professional careers of several talented players. In 2015, Yetunde Fajobi joined the Nigeria U17 Female Team – The Flamingos- having played in the 2014 edition, where she powered her school, Government Secondary School Agege to victory and emerged the most valuable player of the 2014 season. 2012 MVP Steven Odey also joined the MFM FC in the Nigerian Professional League in 2016, and now in his second season, he scored the first hatrick in the season and is currently the highest goal scorer.


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omatseyin.ayonronmi@gtbank.com (Omatseyin Ayonronmi) Fri, 17 Feb 2017 00:00:00 +0000
GTBank Promises to Maintain Robust Dividend Policy http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/690-gtbank-promises-to-maintain-robust-dividend-policy http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/690-gtbank-promises-to-maintain-robust-dividend-policy Lagos, Nigeria - September, 2016

 
The Managing Director/Chief Executive Officer of Guaranty Trust Bank (GTBank) Plc, Mr. Segun Agbaje has assured shareholders of the bank of a continuous robust dividend policy going forward.

 
GTBank, which is one of the banks that pay dividend twice every year, pays about 50 per cent of its profit to shareholders as dividend. It has already recommended an interim of 25 kobo for the half year (H1) ended June 30, 2016.

Speaking on the bank’s H1 results June 30, 2016 during a conference call last week, Agbaje said the financial institution will not change its payout ratio.

 
“I don’t see any reason in changing what our dividend payout ratio for as long as you have enough capital and (our) capital adequacy today is over 18 per cent. So for as long as capital adequacy remains that high we are going to keep at that dividend payout ratio,” he said.

 
Agbaje said the N125 billion profit before target for the year is still on course despite the challenging operating environment.

 
“In terms of PBT guidance we are staying at N125billion, and for us whatever we have made we are not really separating it strategically from our revaluation gains, because at the time we were making revaluation losses, nobody also asked us why this was happening. So these are strategic decisions we have need to make. But for any of the revaluation gains to go away completely we will have to go to Naira appreciating to 200 to 1 which we think the possibility is very low. So what I will like to say is I believe we can make do with N125billion but I would not want to change the PBT guidelines halfway through the year,” he said.

 
GTBank has already recorded a PBT of N91.38 billion for the H1 2016.According to Agbaje, the bank had prepared very well for the year having known that it would be a very challenging one.

 
“Going into the year, we knew it would be a challenging year and we prepared for it by focusing on effective management of the balance sheet and adapting our business model to changing market variables. The quality of our past decisions enabled us navigate the challenges that persisted in the business environment most of the half year period.”
 
 
Source: www.thisdaylive.com 
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omatseyin.ayonronmi@gtbank.com (Omatseyin Ayonronmi) Fri, 02 Sep 2016 00:00:00 +0000