GTCO Group Achieves Success Through Strong Governance

GTCO Group's strong governance has been instrumental in its success. The company's board of directors has been instrumental in overseeing the company's operations and ensuring that the company remains on track to meet its goals.

The board of directors has a proven track record of making informed decisions that benefit the company. They have a deep understanding of the company's operations and are able to provide guidance and oversight to ensure that the company is running smoothly.

GTCO Group's governance structure is designed to promote transparency and accountability. The company's leadership team is committed to maintaining high standards of ethics and integrity.

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GTCO Group has a strong leadership team, headed by Ibrahim Hassan as chairman, and Segun Agbaje as Group Chief Executive Officer.

The company's board of directors includes Catherine Echeozo, Suleiman Barau, Helen Lee Bouygues, and Adebanji Adeniyi.

In 2015, Osaretin Demuren made history by becoming the first female Chairman of the GTCO.

Miriam Olusanya was appointed the first female Managing Director of GTBank Nigeria, the flagship company of GTCO Plc, in 2021.

GTCO's market value surged by about 7% in the equities market after the stock price was marked down for its N7.30 dividend payment.

Foreign investors scrambling for banking stocks increased their positions in GTCO ahead of the group’s first quarter of 2025 earnings release, propelling the company's increase in market value.

The holding company saw its share price climb to N63 in a market rally that lasted for three out of four trading sessions on the Nigerian Exchange last week.

GTCO's share price surged by 6.7786% from N59 at the beginning of the week, reflecting strong market activities.

More than 60.735 million units valued at N3.807 billion exchanged ownership on Friday, with GTCO leading the volume chart with 60.74 million units traded in the stock market.

GTCO accounted for 14.19% of total volume traded on NGX on Friday.

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Guaranty Trust Bank has a strong commitment to corporate social responsibility, with a long history of impactful projects that have gained recognition for their efforts.

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The bank's Annual Autism Conference has been a notable initiative, running for eleven years and working to reduce the stigma associated with autism.

This conference also provides free speech and behavioral consultations with medical experts for people living with autism, making a tangible difference in their lives.

Guaranty Trust Bank's Master's Cup is another significant CSR effort, being one of the most popular grassroots football tournaments in the country.

The bank's dedication to education and sports is evident in its various initiatives, including the Master's Cup.

In 2021, Guaranty Trust Bank celebrated Children's day with a special meeting between young children and Mabel Segun, the iconic Nigerian poet and playwright.

The bank's commitment to healthcare is another area of focus, with efforts aimed at improving access to medical services.

The GTBank Food and Drink Festival and the GTBank Fashion Week are two of the most popular pop culture events in Nigeria, showcasing the bank's support for the arts and culture.

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GTBank has received numerous awards and recognition for its excellence in the banking industry.

In 2019, it was recognized as the best bank in Africa at the Euromoney Awards for Excellence, held in London.

This achievement is a testament to the bank's commitment to providing top-notch services to its customers.

GTBank was also adjudged the best bank in Nigeria for the ninth time in 2019.

The bank's dedication to innovation and customer satisfaction has earned it numerous accolades.

In 2020, it was awarded the Euromoney Excellence in Leadership Africa Award, solidifying its position as a leader in the industry.

GTBank was also named the Best Bank in Nigeria by Euromoney in 2020.

This recognition is a result of the bank's efforts to provide innovative and customer-centric services.

In 2021, GTBank was named Africa's best Bank by Euromoney, further solidifying its position as a leader in the industry.

The bank's commitment to digital banking has earned it recognition as the Best Digital Bank in Nigeria by Agusto & Co.

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GTBank was also named the most admired finance brand in Nigeria and Africa in 2020.

Its innovative approach to banking has earned it recognition as the Most Innovative Bank in Nigeria by the World Finance Banking Awards in 2021.

The bank's mobile banking app was also awarded the Best Mobile Banking app by the World Business Outlook.

GTBank's commitment to social responsibility has earned it recognition as the Most Socially Responsible Bank by the World Business Outlook in 2022.

In 2023, the bank was awarded the Best Bank in Nigeria by the Global Finance.

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The GTCO Group has a long history of publishing annual and financial reports, with the first report dating back to 2009.

From 2009 to 2024, the company has consistently published annual reports, with some years also including financial statements.

The most recent annual report was published in 2024.

The company's financial statements have been published as far back as 2015, with some years also including interim reports.

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Here's a breakdown of the company's financial reports over the years:

The company has also published interim reports, with the first one dating back to 2015.

Interim reports have been published as recently as 2023, with some reports also including a statement of financial position.

The company's financial performance has been reported in various currencies, including NGN.

Here are the company's financial reports for the past few years:

GTCO Group's new Group Chairman, Suleiman Barau, has extensive experience in the financial sector, having been a pioneering director of GTCO since its restructuring.

Barau's leadership is expected to guide the company through its next phase of growth and innovation, with a proven track record of strategic insight and leadership.

The company's current chairman, Hezekiah Oyinlola, expressed confidence in Barau's ability to lead the company to new heights, citing his leadership track record.

GTCO Group reported a remarkable 81.1 per cent surge in gross earnings, reaching N2.1tn, up from N1.19tn in 2023, which reinforced the decision to approve a generous dividend payout.

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The company had earlier reported a profit before tax of N1.27 trillion for the 2024 financial year, representing a 107.8 per cent increase from N609.31 billion posted in 2023.

Shareholders also approved the payment of a total dividend of N8.03 per share for the 2024 financial year, in addition to the previously declared interim dividend of N1 per share.

The company's historic achievements include becoming the first Nigerian bank to surpass the N1 trillion profit mark in 2024.

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