Guaranty Trust Bank has been awarded the Euromoney Excellence in Leadership Africa Award, a premier award category set up to recognise banks around the world that play pivotal role to curb the spread the Coronavirus Disease.
The African financial institution, which was also named Nigeria’s Best Bank for a record 10th time, was lauded for its swift response to the COVID-19 crisis and for addressing the impact of the pandemic on its customers and communities.
Announcing the award, Euromoney said, “One of the first things Nigeria’s GTBand did with the onset of the COVID-19 pandemic was to get in touch with local authorities to see how the bank could help.”
“Recognising that the pandemic would stretch the public healthcare system, the bank partnered with local authorities to set up a care facility for people with the virus.
“GTBank also granted Small and Medium-sized Enterprises a grace period of 90 days (which has since been extended by another three months) on all loan payments. It is also developing other resources to help SMEs better understand and navigate the impact of the pandemic.”
While being lauded for its exemplary leadership during a global crisis, GTBank is also receiving accolades for its digital drive to radically expand access to financial services and consistency in delivering the best performance across key financial indices.
Key to the bank’s emergence as Nigeria’s Best Bank at the Euromoney Awards is its leading role in driving world-class corporate governance standards, excellent service and innovation in Africa’s banking industry.
Commenting on the awards from the magazine, the Chief Executive Officer of GTBank, Segun Agbaje, said, “We feel very humbled to be awarded the Excellence in Leadership in Africa Award and immensely proud to be named Nigeria’s Best Bank for a record 10th time.
“These awards reflect what we are all about at GTBank – giving back to society and adding value to people’s lives. They are also testaments to our commitment to always be there for our customers and communities as a beacon of hope, an engine of progress and a platform for enriching lives.”
While navigating the fallout of the pandemic, Agbaje said the imperative of the bank remained to safeguard lives and livelihoods.
“This means that we will continue to lead from the frontlines by protecting our employees, serving our customers wherever they may be, helping businesses make it through these uncertain times and supporting public authorities in combating the pandemic,” he added.
GTBank is regarded by industry watchers as one of the best-run financial institutions in Africa and 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.
