Euromoney, a monthly financial magazine, has rated Guaranty Trust Bank Plc as the best bank in Nigeria and Africa, according to a statement made available on Sunday.
The lender received the award at an event held at the Natural History Museum in London on Thursday.
According to the statement by GTBank, Euromoney recognises financial institutions worldwide that have recorded significant feats within their operating environments.
Euromoney combines quantitative and qualitative data to honour institutions that have brought the highest levels of service, innovation and expertise to their customers.
The statement quoted Euromoney Magazine’s Editor, Mr. Clive Horwood, as saying, “GTBank stands out this year not only because of the bank’s stellar performance in its home country, but precisely because the bank represents a new standard of local expertise in Nigeria, which is successfully delivering on its regional ambitions.
“GTBank stands out as Euromoney’s best bank in Africa for its ability to adapt to local situations, while maintaining international standards of best practice.”
The statement quoted GTBank’s Group Managing Director, Mr. Segun Agbaje, as saying, “We are humbled by these awards, yet proud to receive them as they are an acknowledgement of the unwavering commitment and hard work of the board, management and staff of GTBank.
“Being the first Nigerian bank to win the ‘Best Bank in Africa’ award is also an affirmation of our institution as a proudly African and truly international bank.”
While thanking the bank’s customers for their continuous patronage and tremendous support over the years, Agbaje stated that the lender would continue to leverage its brand equity to tap into the growth potential of African economies.