Guaranty Trust Bank Plc, parent company of Guaranty Trust Bank (Ghana) Limited, has announced gross earnings of approximately US$1.2billion (GHȼ4.4billion) from January to the end of September 2015 — showing an increase of 15 percent over the US$990million (GHȼ3.8billion) recorded within the same period of 2014. Profit before tax stood at US$457million (GHȼ1.7billion), representing a growth of 14 percent from US$401million (GHȼ1.6billion) recorded in the corresponding period of September 2014.
The bank’s loan book grew marginally by 0.47 percent from the US$6.4billion (GHȼ23.98billion) recorded in December 2014 to US$6.2billion (GHȼ24.08billion) in September 2015 — with total assets and contingents of US$14.9billion (GHȼ56.4billion) and shareholders’ funds of US$1.99billion (GHȼ7.5billion).
The Group’s non-performing loans remained low at 3.16 percent, while return on equity (ROE) and return on assets (ROA) stood at 31.68 percent and 5.10 percent respectively. Managing Director/CEO of GTBank Plc, Mr. Segun Agbaje, attributed the bank’s performance to continued support from its customers, the commitment and hard work of its Staff, Management and Board, and the prioritisation of strong corporate governance standards in the bank’s systems and procedures.
Mr. Agbaje further explained that: “The aggressive pursuit of the bank’s key objectives for the year, which were focused mainly on adding value to all stakeholders and improving customer experience, are yielding positive dividends and reflecting heavily on the bank’s performance.
“Recognising the challenging business environment in which we operate, we set high goals and benchmark ourselves against global standards that influence our service culture and product offerings. This enables us to remain relevant to our customers while adding value to all stakeholders.
“We will continue to differentiate ourselves by providing innovative solutions that create sustainable value for all our customers and stakeholders while maintaining a high standard in service delivery by prioritising innovation, integrity and excellence. We will continue to leverage technology and collaborations to improve service delivery quality, stakeholder interaction points, and the overall GTBank customer experience,” he said.
Managing Director of Guaranty Trust Bank (Ghana) Limited, Mr. Lekan Sanusi, commended Guaranty Trust Bank Plc for achieving this feat. “This is a true testament of the hard work put in by Management and Staff of the GTBank Group in the face of stiff competition within the industry. Such commendable achievements can only be possible through the collaborative effort of a team poised for success.”
The GTBank Group has become synonymous with success. At the Euromoney Awards for Excellence held in London in September this year, the bank was named the Best Bank in Nigeria for its ability to adapt to local situations while maintaining international standards of best practice.
Earlier this month, MD of GTBank Plc Mr. Segun Agbaje was also named Africa’s Banker of the Year during the World Finance Awards, for displaying astute foresight in positioning the GTBank brand at the forefront of 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 it 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 operates from over 230 branches within the country, and has banking subsidiaries in Kenya, Rwanda, Uganda, Cote D’Ivoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.
In Ghana, the bank is on the Club 100 List of prestigious companies in the country.