For the second consecutive year, Guaranty Trust Bank, one of Africa's foremost Banking groups has been named "Best Bank in Nigeria" by pre-eminent international finance magazine Euromoney. The awards were presented Thursday night at the 2010 Euromoney Awards for Excellence Dinner in London.
In recognising Guaranty Trust Bank for the award of "Best Bank in Nigeria" Euromoney Editor Clive Horwood highlighted GTBank's "strong performance during one of the most difficult periods ever for the Nigerian banking sector. Deposits grew 45%, and the bank was also the most profitable in the country, with a $169 million profit. GTBank also managed to increase its assets, which none of its nearest rivals managed."
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