Benjamin Ameh
The vacancy created on the GT Board by Ohiwerei’s retirement has been given to Haruna Musa, whose appointment as Executive Director of the Bank was communicated via our market Bulletin referenced NSE/LARD/LRD/MB12/15/08/28 dated 28 August 2015
The management of Guaranty Trust Bank Plc notified The Nigerian Stock Exchange of the appointment of Haruna Musa, as Executive Director of the Bank to replace mr Ohiosimuan Ohiwerei whose retired from the Board of Directors of the Bank with effect from 18 October 2015 at the end of his four-year tenure.
Ohiwerei was appointed as an Executive Director of the Bank on 19 October 2011 and served the Bank for four (4) years. Prior to his retirement, he was the Executive Director responsible for Commercial Banking, Lagos Division and Public Sector.
In the same vein; Guaranty Trust Bank Plc yesterday announced gross earnings for the third quarter of 2015 showed a revenue of N229,372,453 to that of 2014 which stood at N199,238,100. Accounted for N30,134,353 representing 13.14percent over the proceeding figures.
Profit before tax stood at N92.06billion, representing a growth of 14 per cent from N80.7billion recorded in the corresponding period of September 2014.
While the bank’s loan book grew marginally by 0.47 per cent from N1.276trillion recorded in December 2014 to N1.281trillion in September 2015, the total assets and contingents of N3.002trillion and shareholders’ funds of N400.7billion respectively.
Other indices like non-performing loans remained low at 3.16 per cent, leaving return on equity (ROE) and return on assets (ROA) figures at 31.68 per cent and 5.10 per cent respectively.
In response to performance, the Managing Director/CEO of the bank, Segun Agbaje, attributed to the continued support of its customers, the commitment and hard work of its Staff, management and board, and the prioritization of strong corporate governance standards in the Bank’s systems and procedures.
Agbaje further pointed out that the aggressive pursuit of our key objectives for the year, which are focused mainly on adding value to all stakeholders and improving customer experience were yielding positive dividends and reflecting heavily on the bank’s performance.
“We operate in challenging business environments; we set high goals and benchmark ourselves against global standards which influence our service culture and product offerings, thereby enabling 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,” he said.
In his word: “we will continue to leverage technology and collaborations to improve service delivery quality, stakeholder interaction points and the overall GTBank customer experience.”
The Bank brand is regarded as one of the best run financial institutions within the country and across its subsidiary countries; 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 in above 230 branches within Nigeria and subsidiaries in Kenya, Rwanda, Uganda, Cote D’Ivoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.
