GTBank News Feed http://gtbank.com Mon, 27 Feb 2017 23:11:43 +0000 Open Source Excellence RSS Feeder en-gb 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
GTBank Offer Free UBER Ride To Customers http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/691-gtbank-offer-free-uber-ride-to-customers http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/691-gtbank-offer-free-uber-ride-to-customers Lagos, Nigeria - August, 2016

Guaranty Trust Bank (GTBank) have announced a first free ride in partnership with UBER to GTBank cardholders. This promo offers customers of the bank one first free ride when they pay with their GTBank’s card.

How To Enjoy This Free Ride

  • Download the UBER app here
  • Sign up with your GTBank Card
  • Enter the promo code GTBank in the promotion tab on the tap menu when making your booking.

UBER gets you a ride at the push of a button – there’s no waiting on the street or walking through unfamiliar neighbourhoods to find reliable transport. It’s the most convenient way to get a safe, reliable and affordable ride – the app detects your location, tells you about your driver in advance, and means you can pay without using cash so it is easier and safer for both riders and drivers. That’s why more than one million people use the app globally every day.

So whats are you waiting for, head over to the Google Play or App Store, download the UBER apps and enjoy your first free ride courtesy of GTBnk and UBER.|

NOTE

  • Promo applies to new UBER users only.
  • Offer valid till July 7th, 2017

Click here for further inquiries. 


Source: www.akukohub.com.ng

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omatseyin.ayonronmi@gtbank.com (Omatseyin Ayonronmi) Thu, 01 Sep 2016 00:00:00 +0000
GTBank Posts N91bn Profit, Declares 25kobo Interim Dividend http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/693-gtbank-posts-n91bn-profit-declares-25kobo-interim-dividend http://gtbank.com/component/content/article/49-media/gtbank-in-the-news/693-gtbank-posts-n91bn-profit-declares-25kobo-interim-dividend Lagos, Nigeria - August, 2016

Guaranty Trust Bank Plc yesterday reported its audited financial results for the half year (H1) ended June 30, 2016, showing positive growth across performance indicators.

Gross earnings rose by 37 per cent to N209billion from N153billion in 2015, driven primarily by growth in fee and commission income as well as foreign exchange income.


Net interest income fell marginally from N80.1billion to N79.1billion, while impairment charges surged by 530 per cent from N6.0billion to N37.5billion. However, non-interest income improved by 160 per cent from N38billion to N91.4billion in 2016. Non-interest income was the major catalyst for the upsurge in earnings, after benefiting from foreign exchange revaluation gains.

Consequently, profit before tax rose by 45 per cent to N91.38billion, up from N63.1billion in 2015.


The bank’s loan book grew by 14 per cent from N1.373 trillion recorded as at December 2015 to N1.562trillion in June 2016 with corresponding growth in total deposits which increased by 23 per cent to N2.008trillion from N1.637trillion in December 2015. The bank is proposing interim dividend of 25 kobo per unit of ordinary share held by shareholders.

Further analysis revealed that the bank closed the half year with total assets and contingents of N3.42trillion and shareholders’ funds of N453billion, while non-performing loans remained low and within regulatory threshold at 4.39 per cent and with capital adequacy ratio (CAR) of 18.25 per cent.

Commenting on the results, the Managing Director/Chief Executive Officer of GTBank Segun Agbaje, said: “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.”

While expressing appreciation to customers for their loyalty, and to staff for their hard work and commitment, Agbaje noted that the current economic realities present some challenges to growth.


“We remain committed to our ideals of staying positive, delivering exceptional service to our customers and adding value to all stakeholders,” he said.

Source: www.thisdaylive.com

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omatseyin.ayonronmi@gtbank.com (Omatseyin Ayonronmi) Tue, 16 Aug 2016 00:00:00 +0000