GTBank Wins ‘Best Corporate Governance, Africa’ Award
GUARANTY Trust Bank Plc, has been awarded ‘Best Corporate Governance, Africa’, in the ‘Corporate Governance Award’ organised by Ethical Boardroom magazine which recognises outstanding companies that have exhibited exceptional leadership in the area of governance and professional ethics to ensure protection and long-term value for all their stakeholders.
According to Managing Director and Chief Executive Officer of Guaranty Trust Bank plc, Segun Agbaje, “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.”
He expressed delight for being a recipient of the award which affirms GTBank’s position as one of the leading banks in Africa. He also reaffirmed the bank’s commitment to ethics, professionalism, integrity, quality service delivery, innovation and internationally accepted corporate governance standards.
GTBank was the first Nigerian Bank to be awarded an ISO 9001: 2000 certification by the International Standards Organisation 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.
The Bank ensures compliance with the Code of Corporate Governance for Public Companies issued by the Securities and Exchange Commission (‘the SEC Code’), the Code of Corporate Governance for Banks in Nigeria, Post Consolidation issued by the Central Bank of Nigeria (‘the CBN Code’).