Saturday, 12 July 2014
On 7:39:00 am by Unknown 1 comment
African Bank
of the year; Guaranty Trust Bank plc was recognized as the ‘Best Bank in
Nigeria’ and ‘Best Bank in Africa’ at the 2014 Euromoney Awards that held in
London at the Natural History Museum on Thursday, July 10, 2014.
Euromoney is a
monthly financial magazine focused on business and finance covering global
banking, macroeconomics and capital markets, including debt and equity. It
recognizes financial institutions worldwide that have recorded significant
feats within their operating environments, continuously display innovation and
record excellent financial performance year on year.
The awards
recognize institutions that have demonstrated leadership, innovation, and
momentum in the markets in which they operate. Euromoney combines quantitative
and qualitative data to honour institutions that have brought the highest
levels of service, innovation and expertise to their customers.
According to
Mr. Clive Horwood, Euromoney Magazine’s Editor, "GTBank stands out this
year not only because of the bank’s stellar performance in its home country,
but precisely because the bank represents a new standard of local expertise in
Nigeria which is successfully delivering on its regional ambitions. GTBank
stands out as Euromoney’s best bank in Africa for its ability to adapt to local
situations while maintaining international standards of best practice."
Receiving the
awards on behalf of GTBank, Segun Agbaje, Group Managing Director/CEO of
Guaranty Trust Bank plc, “We are humbled by these awards, yet proud to receive
them as they are an acknowledgement of the unwavering commitment and hard work
of the Board, Management and Staff of GTBank. Being the 1st Nigerian Bank to
win the ‘Best Bank in Africa’ award is also an affirmation of our institution
as a Proudly African and Truly International Bank."
Whilst
thanking the Bank’s customers for their continuous patronage and tremendous
support over the years, he further stated that the Bank will continue to
leverage its brand equity to tap into the growth potentials of African
economies.
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How is it that they publicize an award in an obscure foreign magazine, which is virtually unknown in Nigeria? Did they buy the award? Why wasn't the award mentioned in the 'Wall Street Journal' or the 'London Times' or the 'Economist'
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