Guaranty Trust
Bank Plc, has been awarded ‘Best Corporate Governance, Africa’, for the Financial
services category by the Ethical Boardroom Magazine UK. The ‘Corporate
Governance Award’ organized by Ethical Boardroom magazine recognizes
outstanding companies who have exhibited exceptional leadership in the area of
governance and professional ethics to ensure protection and long-term value for
all their stakeholders.
The award is an
acknowledgement of the Bank’s strong corporate governance practices, commitment
to high standards of ethical leadership and compliance with regulatory
standards.
According to Segun
Agbaje, Managing Director and Chief Executive Officer of Guaranty Trust Bank
plc, “GTBank has built a reputable institution which consistently adopts,
implements and applies international best practices in corporate governance,
service delivery and value creation for all its stakeholders”.
“We
are delighted to receive this award which affirms GTBank's position as a one of
the leading Banks in Africa whilst also reiterating and confirming our
commitment to ethics, professionalism, integrity, quality service delivery,
innovation and internationally accepted corporate governance standards”, added
Mr Agbaje.
GTBank was the
first Nigerian Bank to be awarded an ISO 9001: 2000 certification by the
International Standards Organization and the first to adopt the IFRS reporting
format. The Bank has the best risk category rating assigned to any
Nigerian Bank by both local and international rating agencies (BB- by Standard
& Poor’s and B+ by Fitch Rating), which is extremely compliant with
International best practice and standards.