GTBank’s 9M-19 shows earnings decline as profitability expands
Guaranty Trust Bank Plc released unaudited 9M-19 numbers this week, showing that the bank’s performance has not been adversely affected as of yet. The result was in line with expectations as gross earnings declined while profitability expanded moderately. The performance…
Banks’ making more profits from fintech adoption than physical branches—Akano
Upon the trending fears that payment service providers relying on financial technology (FintTech) are becoming serious threats to conventional banks in Nigeria, latest findings have shown that banks earned more revenue in the last financial year from adoption of FinTechs….
GTBank mulls WhatsApp Business Solution to deepen customer experience
As part of concerted efforts by Guaranty Trust Bank Plc, it has concluded plans to rely on the advantage of WhatsApp Business Solution to step up Nigerians digital banking experience. The emerging service window will among other things, deliver additional…
GTBank grosses CSR with launch of ‘Social Impact Challenge’ nationwide
Guaranty Trust Bank Plc has stepped up its Corporate Social Responsibility (CSR) nationwide with the launch of Social Impact Challenge designed to drive financial inclusion and visibility. The bank noted that the initiative will fund dozens of innovative ideas designed…
Fidelity Bank set to join Tier-1 big boys over smart completion of 4-year growth plan
At a time several Tier-2 banks are struggling to remain afloat in the segment, all is set for the most SMEs friendly bank, Fidelity Bank is set to join tier-1 banking giants. Though analysts say adverse macroeconomic environment, and regulatory…
GTBank’s released Q1-2018 result shows positive feat in the top, bottom lines
On Wednesday, Guaranty Trust Bank Plc released its Q1-2018 result. A closer look at the presented financials show strong positivity both in the top and bottom lines. Compared to Q1 last year, Gross Earnings, PBT and PAT were 4.65% (-1.00%…
Agbaje gives details on why GTBank outlook for 2018 remains strong, progressive
The Managing Director of Guaranty Trust Bank Plc, Mr. Segun Agbaje, weekend provided insights on the financial results of the bank recently released at the Nigerian Stock Exchange, saying the 2018 financial year would be a much better for the…
As customer base of FinTechs deepens, competition with banks grows—Agbaje
Contrary to trending experts’ belief that collaborations between commercial banks and financial technology (FinTechs) firms will last forever, the Managing Director of Guaranty Trust Bank Plc, Mr. Segun Agbaje, has shocked pundits, averring that in near future and especially when…
Some banks (Tier-2) at risk of going down should dollar hit N450— Fitch Report
—UBA, Zenith, Access, 2 others strong A recent stress test conducted by leading international financial surveillance agency, Fitch Ratings has indicated that some tier-2 banks (banks with total assets less than N2tn) will fall below the capital adequacy ratio of…
GTBank bankrolls 2018 Lagos International Polo championship in Lagos
Leading African financial giant, Guaranty Trust Bank plc, has again signaled readiness to sponsor the 2018 Lagos Int’l Polo Tournament. The competition will see both Nigerian and foreign teams compete in four main cups, namely: the Silver Cup, Open Cup,…
