Guaranty Trust Bank Plc has been named the African Bank of the Year by the African Banker Magazine.
The honour was conferred on the bank on Wednesday at a well attended ceremony in Marrakech, Morocco.
A statement on Friday said the African Banker Award was for recognised financial institutions across the continent, which were considered industry leaders and continent’s trend setters.
It listed good corporate governance practices, exceptional service delivery and innovative products as major factors considered in the selection.
“Winners of the coveted award must have consistently reported strong financial performance and contributed significantly to the quality of service offered by the financial services industry within their country and across the African continent,” it stated.
The statement quoted the Publisher of African Banker Magazine, Mr. Omar Ben Yedder, as saying, “We are delighted that Guaranty Trust Bank Plc has won this award.
“Indeed it has been a good evening for Nigerian banks and GTBank has consistently played a leading role in banking in Nigeria. Prudently run, with strong values, it continues to set new standards in banking. Its successful foray in international markets reflects strong fundamentals of a leading institution in Africa.”
The Chief Executive Officer, GTBank, Mr. Segun Agbaje, attributed the bank’s selection for the prestigious award to hard work, discipline and a well defined operating strategy “that enables it to give 100 per cent, above customer expectations, every single time.”
He stressed that customer satisfaction and service excellence were the foundation of the bank’s business, adding that GTBank would continue to listen to its stakeholders and institute innovations that allow the bank to provide services that surpassed its stakeholders’ needs.
Guaranty Trust Bank was established in 1990.