Foremost African financial institution; Guaranty Trust Bank plc (GTBank) has been adjudged the “2014 African Bank of the Year” for the 2nd consecutive time by African Banker Magazine in an announcement made on Wednesday, 21st May, 2014 at the awards ceremony that held at Kigali Serena Hotel, Rwanda.
The African Banker Awards is one of the biggest annual events that recognizes and celebrates the achievements of the financial services industry in Africa. It recognizes individuals and financial institutions contributing to the development and growth of Africa’s banking industry and changing perceptions of the continent’s domestic and international markets.
Outlining the rationale for selecting GTBank as the overall winner of the coveted ‘African Bank of the Year’ award, the panel of judges commented that the award recognizes financial institutions that are industry leaders, consistently report strong financial performance and significantly contribute to the quality of service offered by the financial services industry within their country & across the African continent.
Commenting on the awards ceremony, Publisher of African Banker Magazine; Mr Omar Ben Yedder said “We are here in Kigali where we have witnessed the transformation of a country. Since we have launched the awards we have witnessed the transformation of an industry. There is no room for complacency because there is much room for growth and development to achieve the transformation we all desire and work towards. Seeing local African banks finance and structure international deals is a step forward and unimaginable a decade back. I am also delighted to see 3 women pick up three coveted individual awards. Congratulations to them all!”
Receiving the award on behalf of GTBank, Mr Kunle Sonola; Managing Director GTBank Kenya said “GTBank plc is honoured to win this highly coveted award. The award is a testament to the hard work and commitment of the Board, Management and Staff of the Bank. It is also a challenge and a call to do more to project the global relevance of the African banking industry. He also used the medium to thank the Bank’s customers for their continued trust and support as well as assure them that the Bank would continue to strive to deliver beyond stakeholders’ expectations at all times”
GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation.