Home Brands and Marketing Positioned For Growth: Guaranty Trust Bank Completes Corporate Reorganization

Positioned For Growth: Guaranty Trust Bank Completes Corporate Reorganization

Aiming to strengthen its long-term competitiveness and growth prospects, Guaranty Trust Bank plc has completed its re-organisation to a Holding Company Structure. Under the terms of the re-organisation, a new operating company has been established and amendments made to the articles of incorporation for a corporate name change. The corporate name of Guaranty Trust Holding Company Plc and GTCO Plc will be used by the newly established operating company.

The newly established Guaranty Trust Holding Company Plc is also pleased to announce its new Board of Directors as well as changes to the Board of its banking subsidiary, Guaranty Trust Bank Limited. All the appointments have been approved by the Central Bank of Nigeria and disclosed to the Securities and Exchange Commission and the Nigerian Exchange Group.

Guaranty Trust Holding Company Plc (GTCO Plc) will be governed by a Board of Directors comprising, Mr. Sola Oyinlola as Chairman of the Board and Mr Segun Agbaje as the Group Chief Executive Officer, Mr Adebanji Adeniyi as Executive Director, Mrs Cathy Echeozo as Non-Executive Director, Mr. Suleiman Barau and Mrs. Helen Bouygues as Independent Non-Executive Directors

The Banking subsidiary, Guaranty Trust Bank Limited will be governed by a Board of Directors comprising, Mr Ibrahim Hassan as Chairman of the Board, Mrs Miriam Olusanya as Managing Director, Mr Jide Okuntola as Deputy Managing Director, Mr Haruna Musa as Executive Director, Mr Olabode Agusto as Independent Non-Executive Director, Ms Imoni Akpofure and Mrs Victoria Adefala as Independent Non-Executive Directors.

Commenting on the completion of the Corporate Reorganization, Mr Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, said: We believe that a Holding Company Structure will allow us take advantage of new business opportunities in the emerging competitive landscape and strengthen our earnings base. We are very excited to get started on the next phase of our incredible journey to driving Africas growth by making end-to-end financial services easily accessible to every African and African Businesses by leveraging Technology and Strategic Partnerships. As a bank, we were always looking to meet every customer need; with our corporate reorganization, we will be able to do more to help our customers thrive in this new world of digital technologies and unprecedented possibilities.

He further stated that, Whilst we are evolving as an organization, we remain committed to our founding values which have endeared our brand to millions of people across Africa and beyond, and which continues to drive our financial success. As a Proudly African and Truly International band, we will continue to live by these valuesof excellence, hard work and integrity, even as we create faster, cheaper, safer and more diverse products for people and businesses of varied types and sizes.

Prior to its corporate reorganization to Guaranty Trust Holding Company Plc, Guaranty Trust Bank Plc has been at the forefront of delivering innovative banking products and services to customers and best-in-class Return-on-Equity to shareholders. It is widely regarded as the best managed financial institution in Nigeria and has, over the past decade, embarked on a period of unparalleled growth, growing its customer base from less than 3 million customers in 2011 to over 24million customers in 2020, and profit before tax from ₦45.5 billion at the end of the 2010 financial year to ₦238.1billion at the end of the 2020 financial year.
Corporate Communication Group
Tel: 234-1-2715227

RELATED ARTICLES

German Deputy Consul General Commends Rite Foods And Others For Environmental Preservation Efforts

The Deputy Consul General of the Federal Republic of Germany in Lagos, Mr. Alexander Ernst, has eulogized the efforts of Rite Foods...

Mouka Launches Ground-breaking Innovation, Eco-Comfy Fibre Mattress

Mouka, Nigeria's leading manufacturer of mattresses, pillows and other bedding products has once again reinforced its position as the innovation trailblazer in...

Rite Foods Sponsors ‘Rite on the Beach,’ Trains 30 Youths for Green Jobs and Environmental Preservation

As part of efforts to promote a green and healthy environment and empower communities, Rite Foods Limited, makers of Nigeria’s favourite Bigi...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

BREAKING: Lionel Messi Will Not Continue At FC Barcelona

EaglesPath Online reports that despite FC Barcelona and Lionel Messi reaching an agreement and their clear intention to sign a new contract...

Alleged gang-rape: Court orders Babcock dropouts who raped friend to open defence

Two Babcock university dropouts, said to have gang-raped a female friend, failed Thursday to have their case struck out by the Ikeja...

Revisiting the online shopping, food ordering culture of the pandemic era

By Victor George The CoV-2 Virus, known as the Delta Variant, is rapidly sweeping across the globe. This new...

Globalization strikes back – Richard Haass

The summer of 2021 has come to be largely defined by the ongoing Covid-19 pandemic and accelerating climate change. Both are manifestations...

Recent Comments