Tag: GTBank
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GTBank announces profit before tax of N238.1bn for 2020
Guaranty Trust Bank Plc in Thursday released its audited financial results for the year ended Dec. 31, 2020 to the Nigerian and London Stock Exchanges, announcing a profit before tax of N238.1 billion. The audited result released by the bank showed that profit before tax increased by 2.8 per cent to N238.1 billion compared with…
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CBN, SEC approves GTBank holdco structure
Guaranty Trust Bank Plc has obtained the approval-in-principle of the Central Bank of Nigeria (CBN) and Securities and Exchange Commission (SEC) to commence the formal process of the reorganisation of the bank to a financial holding company (HoldCo). The scheme will be implemented by means of a scheme of arrangement between the bank and its…
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GTBank announces closure of all branches in Lagos from today
The management of Guaranty Trust Bank (GTBank) Plc has announced the closure of its branches in Lagos State from today (Wednesday), October 21, 2020. This followed the imposition of a 24-hour curfew in the state by the Lagos State Governor, Mr Babajide Sanwo-Olu, on Tuesday, October 20, 2020. The Governor on Tuesday afternoon declared a…
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Scam alert: GTBank customers in Abuja raise alarm over hacked account
The Kubwa branch of the Guaranty Trust Bank (GTBank) in Abuja was on Friday stormed by customers, who complained that their bank accounts were hacked. TheNewsGuru.com (TNG) reports that most of the victims, who were mainly youths, complained of how their money allegedly grew wings and vanished from their accounts. A victim of the scam…
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Appellate court hears Journalist brutality case against bank, Police seven years after judgment appeal
The Abuja Court of Appeal yesterday heard the appeal against judgment in the Fundamental Human Rights suit between Guaranty Trust Bank (GTB), the Nigerian Police Force (NPF), a Journalist, Desmond Utomwen, and six others. The appellate court hearing comes 11 years after Desmond Utomwen, who was then staff of TheNEWS Magazine, was in December, 2009…
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COVID-19: We’re Prepared for Emerging Economic Realities – GTBank
Managing Director/CEO of Guaranty Trust Bank Plc, Mr Segun Agbaje, has expressed the readiness of the pan-African financial institution for the emerging economic realities. Since the beginning of this year, the world has been battling with the Coronavirus pandemic, which has brought the global economy to a halt. Many businesses have had to be shut…
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Coronavirus: GTBank insists on holding AGM, gives reasons
The management of Guaranty Trust Bank (GTBank) Plc has disclosed that it would go ahead with its Annual General Meeting (AGM) scheduled for Monday, March 30, 2020. Due to the coronavirus pandemic, the Lagos State government has banned gatherings of more than 25 persons so as to stop the spread of the disease, which has…
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GTBank announces early closure of branches nationwide Friday
Top Nigerian financial institution, Guaranty Trust Bank (GTBank) Plc has informed customers of its intention to close early on Friday, June 28, 2019. In a notice to customers on Monday, the lender said this Friday, banking services at its branches would end earlier than usual. For GTBank customers in Lagos, they won’t be attended to…
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GTBank won’t issue bonus shares to shareholders – Agbaje explains
Group Managing Director of Guaranty Trust Bank (GTBank) Plc, Mr Segun Agbaje, has hinted that the company has no intention to declare bonus shares to shareholders. Speaking at the lender’s Annual General Meeting (AGM) last week in Lagos, Mr Agbaje explained that this is to prevent over bloating of GTBank shares. Recall that the bank…
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GTBank Releases Q1 Unaudited Results, Reports Profit Before Tax Of N57.0Billion
Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019, to the Nigerian and London Stock Exchanges. The Bank recorded positive performance across all financial metrics with gross earnings for the period growing by 1.2% to ₦110.3billion from ₦109.0billion posted in March 2018. Profit before tax improved to…