GTBANK Wins 10th Euromoney’s Best Bank In Nigeria
Guaranty Trust Bank Plc (GTBank) has won the award of Nigeria’s Best Bank in the Euromoney Awards for Excellence 2020 for the 10th time.
GTBank won the award based on its consistency in driving new innovations in financial services.
Euromoney commended the bank for its swift reaction in responding to the COVID-19 crisis and for addressing the impact of the pandemic on its customers and communities.
According to Euromoney, “One of the first things Nigeria’s Guaranty Trust Bank did with the onset of the COVID-19 pandemic was to get in touch with local authorities to see how the bank could help.
“Recognizing that the pandemic would stretch the public healthcare system, the Bank partnered with local authorities to set up a care facility for people with COVID-19.”
Euromoney also lauded GTBank for granting small and medium-sized enterprises a grace period of 90 days (which has since been extended by a further 3 months) on all loan payments.
The foremost bank, Euromoney added, also developed other resources to help SMEs better understand and navigate the impact of the pandemic.
Commenting on the awards, the Chief Executive Officer of GTBank, Segun Agbaje, said the bank was humbled and immensely proud to win the award for a record tenth time.
“These awards reflect what we are all about at GTBank—giving back to society and adding value to people’s lives.
“They are also testaments to our commitment to always be there for our customers and communities as a beacon of hope, an engine of progress and a platform for enriching lives.”
Agbaje further stated that the bank’s priority was safeguarding lives and livelihood as the country navigates the fallout of the COVID-19 pandemic.
It added, “This means that we will continue to lead from the frontlines by protecting our employees, serving our customers wherever they may be, helping businesses make it through these uncertain times and supporting public authorities in combatting the pandemic.”
GTBank has long been regarded by industry watchers as one of the best run financial institutions in Africa, a reputation that has been further buttressed by its recent recognition as the Best Bank in Nigeria by Euromoney.
Euromoney’s Awards for Excellence is one of the most coveted accolades in the global financial services sector.
The Magazine’s Awards for Excellence celebrates the best banks around the world by recognizing institutions that have demonstrated leadership, innovation, and momentum in the markets they operate.
Key to GTBank’s dominance as the Euromoney’s Best Bank in Nigeria is the Bank’s consistency in driving new innovations in financial services, championing community development programs that uplift the most vulnerable in society, and delivering the best performance across several key financial indices.
The Euromoney awards also reflects the efficacy of the Bank’s long-term strategy and the dedication of a senior management team that abhors complacency, puts a premium on excellent service quality and keeps the business in a constant state of innovation.