News Column

GTbank Wins African Bank of the Year Again

May 26, 2014



The Nigerian banking sector recently got an international boost with the award to Guaranty Trust Bank (GTBank) Plc as the "2014 African Bank of the Year," by African Banker Magazine.

The News Agency of Nigeria (NAN) reports that the award was given to GTBank for the second consecutive time.

A statement by GTbank said the award was given at the sidelines of the just-concluded African Development Bank (AFDB) Annual General meeting in Kigali, Rwanda.

NAN reports that the African Banker Awards is one of the biggest annual events that recognises and celebrates the achievements of the financial services industry in Africa.

The award recognises individuals and financial institutions' contribution to the development and growth of Africa's banking industry and changing perceptions of the continent's domestic and international markets.

The statement said the panel of judges explained that the rationale for selecting GTBank for the coveted award was that it considered financial institutions that were industry leaders.

It added that they also considered those with consistent strong financial performance and contributed to the quality of services within the country and across the African continent.

It said the Publisher of African Banker Magazine, Mr Omar Ben Yedder, noted that the award was memorable because "we are here in Kigali where we have witnessed the transformation of a country".

"Since we launched the awards, we have witnessed the transformation of an industry.

"There is no room for complacency because there is much room for growth and development to achieve the transformation we all desire and work towards.

"Seeing local African banks finance and structure international deals is a step forward and unimaginable a decade back.

"I am also delighted to see three women pick up three coveted individual awards. Congratulations to them all," the statement quoted Yedder as saying.

It said that Mr Kunle Sonola, Managing Director, GTBank Kenya, who received the award on behalf of GTBank, noted that "GTBank is honoured to win the award.

"The award is a testament to the hard work and commitment of the board, management and staff of the Bank.

"It is also a challenge and a call to do more to project the global relevance of the African banking industry," the statement said.

It commended the bank's customers for their continued trust and support, assuring them that the bank would continue to strive to deliver beyond stakeholders' expectations at all times.

According to the statement, GTBank has consistently played a leading role in Africa's banking industry.

It said the bank was one of the best run financial institutions across its subsidiary countries and served as a role model within the financial service industry.

The statement explained that its excellent performance was due to its bias for world class corporate governance standards, excellent service quality and innovation


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: AllAfrica


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters