Guaranty Trust Bank Ltd. has been recognised as the”Best Bank in Nigeria” at the Euromoney Awards for Excellence 2023.
The bank has hailed the latest recognition as a testimonial on its position as the leading financial institution in Nigeria.
Euromoney said: “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.
“Despite a difficult operating environment, the bank continues to deliver exceptional results as the flagship franchise of Guaranty Trust Holding Company Plc”.
The bank recorded a profit before tax of N214.2 billion, pre-tax return on Equity of 23.6 per cent, and Cost to Income Ratio of 48.0 per cent for the period ended, Dec. 31, 2022, it added.
The Managing Director of Guaranty Trust Bank Ltd., Mrs Mariam Olusanya said the bank is 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”, Olusanya stated.
She promised that the bank will continue to prioritise service delivery and innovation whilst maintaining its strong financial performance as part of a thriving financial holding company.
Credible News reports that Euromoney is an authority for global banking and financial markets and the annual awards for excellence, celebrates financial institutions that demonstrate leadership, innovation, and resilience in the markets they operate.