GTBank clinches ‘Best Corporate Governance, Africa’ for 2015

Guaranty Trust Bank Plc, has been awarded ‘Best Corporate
Governance, Africa’, for the Financial services category by the
Ethical Boardroom Magazine UK. The ‘Corporate Governance
Award’ organized by Ethical Boardroom magazine recognizes
outstanding companies who have exhibited exceptional
leadership in the area of governance and professional ethics to
ensure protection and long-term value for all their
stakeholders. The award is an acknowledgement of the bank’s
strong corporate governance practices, commitment to high
standards of ethical leadership and compliance with regulatory
standards.
According to Segun Agbaje, Managing Director and Chief
Executive Officer of Guaranty Trust Bank plc, “GTBank has
built a reputable institution which consistently adopts,
implements and applies international best practices in
corporate governance, service delivery and value creation for
all its stakeholders”.
“We are delighted to receive this award which affirms
GTBank’s position as a one of the leading banks in Africa
whilst also reiterating and confirming our commitment to
ethics, professionalism, integrity, quality service delivery,
innovation and internationally accepted corporate governance
standards”, added Agbaje.
GTBank was the first Nigerian bank to be awarded an ISO
9001: 2000 certification by the International Standards
Organization and the first to adopt the IFRS reporting format.
The bank has the best risk category rating assigned to any
Nigerian bank by both local and international rating agencies
(BB- by Standard & Poor’s and B+ by Fitch Rating), which is
extremely compliant with International best practice and
standards.
The Bank ensures compliance with the Code of Corporate
Governance for Public Companies issued by the Securities and
Exchange Commission (‘the SEC Code’), the Code of
Corporate Governance for Banks in Nigeria, Post Consolidation
issued by the Central Bank of Nigeria (‘the CBN Code’), as
well as disclosure requirements under the Disclosure and
Transparency Rules of the Financial Services Authority (FSA)
in the United Kingdom, which are applicable to non-UK
companies with GDRs listed on the London Stock Exchange. In
addition to the Code of Corporate Governance, GTBank
promotes the company’s core values to its employees through
its Code of Professional Conduct and an Ethics Policy which
regulates employee relations with internal and external
parties. GTBank has received several international and
national awards from reputable organizations for its
exceptional financial performance, innovation and excellent
customer service delivery. Some of the awards received in
2014 include; the 2014 African Bank of the Year by African
Banker, the 2014 Best Bank in Africa and Best Bank in Nigeria
by Euromoney Magazine, 2014 Best Bank in Nigeria award by
The Banker, 2014 Best Commercial Bank and Best Corporate
Bank in Nigeria by International Finance Magazine and 2014
Bank of the Year award by BusinessDay. Guaranty Trust Bank
was established in 1990 and presently operates from over 240
offices in Nigeria and banking subsidiaries in Ghana, Gambia,
Sierra Leone, Liberia, Cote d’Ivoire, Rwanda, Uganda, Kenya
and the United Kingdom.