Guaranty Trust Bank Gains International Recognition

Nume Ekeghe

Guaranty Trust Bank Limited has been named Best Bank in Nigeria at the Euromoney Awards for Excellence 2023.

This marks a record 12th time that Guaranty Trust Bank has been recognised as the leading financial institution in Nigeria.

Announcing the award, Euromoney stated: “Nigeria’s Best Bank, Guaranty Trust Bank, has continued to do a good job of convincing investors that it is better placed than its key competitors to deal with the risks ahead—and perhaps to take advantage of opportunities in economic and policy transition.”

It noted that despite a difficult operating environment, the bank has continued to deliver exceptional results as the flagship franchise of Guaranty Trust Holding Company Plc, which recorded a profit before tax of N214.2billion, pre-tax Return on Equity (ROAE) of 23.6%, and Cost to Income Ratio (CIR) of 48.0% for the period ended December 31, 2022.

Commenting on the award, Managing Director of Guaranty Trust Bank Ltd, Mrs. Miriam Olusanya  said: “We are honoured to be named the Best Bank in Nigeria by Euromoney. This recognition reflects our unwavering commitment to the values of excellence and innovation which form the bedrock of our value proposition as an institution and has guided the mother-brand to achieve remarkable success for over 30 years. As part of a thriving financial holding company, we will continue to prioritise service delivery and innovation whilst maintaining our strong financial performance.”