ACCOLADES FOR GTB AFTER POSTING N170.47 BILLION AFTER TAX PROFIT

Accolades have continued to trail the management of foremost African bank, Guarantee Trust Bank (GTB) after posting a whopping profit after tax of N170.47 billion at the 28th Annual General Meeting (AGM) of the bank in Lagos
In a swift response to the great news, Mrs Osaretin Demuren, the bank chairman Board of Directors Mrs Osaretin Demuren, said that in spite of the challenging business environment, GTB had strengthened its leadership position in all the market segments and economies where it operates. `It is another good year for our bank; we are making progress on our strategy with our results showing a strong performance across key financial indices. “Gross earnings for the year grew by 1.1 per cent to N419.2 billion from N414.6billion reported in December 2016,’’ Demuren said.
ON His part, Mr Segun Agbaje, the Managing Director, said that the bank has positioned itself to lead by focusing on the value of hard work, transparency, , Chairman integrity and putting the customer as the centre of the bank’s business. Agbaje said the bank would continue to do more in giving back to their host community. He expressed appreciation to the shareholders for believing in their dream and mandate.
This development has prompte accolades from Chief Timothy Adesiyan, Executive member, Nigeria Shareholder’s Solidarity Association expressed gratitude to the managing director and his team for improving customers’ deposit.
Adesiyan said that the efficient allocation of available capital to low risk business in the bank was phenomenal but expressed worry over expenditures to the Asset Management Company of Nigeria (AMCON). He advised management to improve on the internal audit of the bank

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