GTBank Moves To Drive Deposits As Assets Hits N2.10Trillion

April 11th, 2014

Guaranty Trust Bank plc has disclosed that it will embark on a strategy that will enhance its deposit base, following the monetary tightening policy of the Central Bank of Nigeria, (CBN) in order to deliver superior returns to shareholders. It also announced that its total assets has hit N2.10 trillion for the financial year ended December 31, 2013.

The Group Managing Director of the Bank, Mr. Segun Agbaje, who disclosed this to newsmen ahead of its 24th Annual General Meeting in Lagos , said the Bank will consolidate on its gains and also re-strategise to drive more deposits that will help build a proudly African and truly international brand. 

According to him, 2013, despite its challenges was “’a successful operating period for our bank and I am confident that 2014 will be no different because we shall continue to work hard to ensure our long term goals are actualised.’’

He also said that the insecurity presently being experienced in some states in the Northern part of the country has not adversely affected their operations in those states. 

Agbaje said due to the activities of the Boko Haram sect, money that people would normally keep at home and in their offices are now lodge in the banks. “The crisis in the North has not adversely affected our operations. Though we may have to shut our banking hall for few hours or few days, we have not actually close down any branch in the North.

“Rather most of the funds that people would ordinarily keep at home or in their offices are now lodge in the banks,” he said.