"GTBank is Best Bank in Nigeria again - Euromoney"

GUARANTY TRUST BANK

"GTBank is Best Bank in Nigeria again - Euromoney"

For the second consecutive year, Guaranty Trust Bank, one of Africa's foremost Banking groups has been named "Best Bank in Nigeria" by pre-eminent international finance magazine Euromoney. The awards were presented last night at the 2010 Euromoney Awards for Excellence Dinner in London.

In recognising Guaranty Trust Bank for the award of "Best Bank in Nigeria" Euromoney Editor Clive Horwood highlighted GTBank's "strong performance during one of the most difficult periods ever for the Nigerian banking sector. Deposits grew 45%, and the bank was also the most profitable in the country, with a $169 million profit. GTBank also managed to increase its assets, which none of its nearest rivals managed."

Speaking on the award, Segun Agbaje, Deputy Managing Director of the bank said that the award, coming in the year when the bank marks its 20th Anniversary, is testament to the timelessness of the bank's commitment to its core values of integrity, professionalism and service excellence. He also commended the commitment of all GTBank staff around the world for their continuous effort in ensuring that the bank continually sets the pace and remains a proudly African, Truly International Institution.

Regarded as the benchmark awards for financial services globally, the Euromoney Awards for Excellence are now in their 20th consecutive year. This year's awards process, which began in April, attracted over 600 submissions from the world's banks and brokerage houses. Euromoney's dedicated research team and awards panel then rated all the submissions on both quantitative and qualitative factors such as KPI's, financial ratios and innovation over the 12 month period to decide the award winners.

Established 20 years ago in 1990, Guaranty Trust Bank has grown organically to become one of Africa's foremost financial services groups with operations spread across all Anglophone West African countries (Nigeria, Gambia, Ghana, Liberia, Sierra Leone) and the United Kingdom. The Bank is soon set to expand into francophone West Africa.

9 July 2010

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Euromoney Magazine is the flagship title of London based financial communications company Euromoney Instituional Investor PLC. Founded in 1969 by Sir Patrick Sergeant, Euromoney Magazine is the voice of the international capital markets and for over 40 years has offered unparalleled coverage of the global bond, equity and foreign exchange markets Euromoney Institutional Investor PLC is a constituent of the FTSE-250 index and is listed on the London and Luxembourg Stock Exchanges.