GTBank Named ‘Best Bank’ in Nigeria

Guaranty Trust Bank Plc said it was recently adjudged the ‘Best Bank in Nigeria for 2014’ by The Banker Magazine.

The bank said it achieved the feat for promoting industry-wide excellence in Global Banking Ethics as well as its adherence to the highest corporate governance standards.

The award ceremony took place in London and had in attendance more than 350 senior executives from well over 120 countries.

The Banker is

African banks made highest returns on capital in 2013 —The Banker

African banks have been ranked by The Banker magazine as having generated the highest returns to shareholders in 2013. In its 2014 Top 1000 Bank ranking released last week, The Banker said “In terms of profit generation, African banks made the highest returns on capital of 24 per cent — double the average return for the rest of the globe and far exceeding average returns of only four per cent in Europe.

Standard Bank Group South Africa’s lenders, for so long the shining light in Africa’s representation in The Banker’s Top 1000 rankings, retain the top spots in the regional list but mostly with falls in their Tier Africa. This is despite African banks holding less than one per cent of global capital”.

“Global banking profits have reached an all-time high, with