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Fitch confirms GTBank’s rating at B+ with stable outlook

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…GTB-Ogun State Principals Cup finals holds today 

Leading financial sector’s rating group, Fitch Rating has affirmed the stability and buoyancy of GTBank at B+ with a strong outlook for the rest of the financial year.

Besides, the grand finale of the 2017 edition of the GTBank-Ogun State Principals Cup take place today, Thursday 21st September, 2017 at MKO Abiola Stadium, Kuto, Abeokuta.

The first game for the day will be the finals in the female category between 2 time winners, Muslim High School, Isolu and Iko Gateway Grammar School, Idiroko. In the male category, Ipara Community Secondary School, Ipara will hope to spring an upset as they take on title favorites, Pakoto High School, Ayede-Ifo who won the trophy in 2015. The matches are bound to produce historic moments for two of the four schools as both jostle to win the trophy for the first time ever.

Business Hilights gathered that the GTBank – Ogun State Principals Cup has been won by 5 schools since its inception. In the male category, Alamuwa Grammar School, Ado Odo won the first and forth editions of the competition (2013, 2016) and are the only male team to win twice so far – a feat Pakoto High School hope to repeat when they file out on Thursday – while Remo Divisional High School, Sagamu emerged winners in 2014.

In the female category, Orile Ilegun Comprehensive High School, Odeda clinched the title in 2013, Alamuwa Grammar School, Ado Odo 2014, while this year’s finalist, Muslim High School, Isolu took home the title in 2015 and 2016.

Winners in both categories will be rewarded with the sum of N1,000,000 each, while the 1st ,2nd, 3rd runners-up will be given N750,000, N500,000, and N350,000 respectively.

Giving insights on the Finals the 2017 GTBank – Ogun State Principals Cup, managing director of the bank, Mr. Segun Agbaje, said “We are proud to lead this initiative that provides an avenue for students to showcase their talents and passion for the game of football even as they remain committed to their academics.”

He further stated that “This competition paves the way for youths to cultivate their sporting talents and aptitudes, while fostering and building a healthier lifestyle at a critical stage in their lives”.

Guaranty Trust Bank plc has maintained a defined Corporate Social Responsibility (CSR) strategy since its inception in 1990 in supporting in-classroom and out-of-classroom educational programmes, infrastructure development, students’ scholarship and teachers training across Africa.