GTBank Archives — City Business News

March 5, 2024 No Responses

Ghana Suspends GTB, First Bank’s Forex Licences

Citing various breaches of foreign exchange market regulations,the Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited.The suspension takes effect from March 18, 2024, for one...

February 22, 2023 No Responses

Court Sets Aside Execution On Stallion

The Federal high court in Lagos has set aside a purported execution carried out by Guaranty Trust Bank (GTB)Plc against Stallion Nigeria Limited over alleged N13 billion judgement debt. Justice Ambrose Lewis Alagoa in a ruling deliv...

January 21, 2023 No Responses

Stock Market Closes Week On Negative Note

The local bourse ended the last trading of the week on a negative note as the performance indices declined by 0.06 per cent. Specifically, the market capitalisation dropped by N18 billion or 0.06 per cent to close at N28.646 trillion as...

May 28, 2022 No Responses

GTCO Plc’s GTBank Bags Africa’s Best Brands Awards

Guaranty Trust Bank Ltd (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc (GTCO Plc), has emerged winner in four major categories at the 12th annual Brand Africa 100: Africa’s Best Brands 2022 rankings of the Top 100 Most...

January 17, 2022 No Responses

Supreme Court Reverses N2.4b Ruling Against GTBank

The Supreme Court has reversed its earlier decision which dismissed an appeal filed by Guaranty Trust Bank against a N2.4bn judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo State. A judgment...

April 22, 2021 No Responses

Conoil, Lafarge Africa, GTBank Lift NGX Indices By 0.29%

Transactions on the Nigerian Exchange (NGX) Ltd. on Wednesday extended gaining streak to four consecutive trading sessions, appreciating further by 0.29 per cent. The performance was as a result of investors’ interests in Guaranty Trust Bank and Lafarg...

December 7, 2020 No Responses

Shareholders Back GTBank’s Planned HoldCo Structure

The shareholders of Guaranty Trust Bank Plc (GTBank) have approved the Holding Company (HoldCo) structure for the bank, as they expressed excitement over the benefits they would gain from the new structure. The shareholders in a statement on Sunday gave t...

November 30, 2020 No Responses

Innoson Returns To Court, Faults GTBank On Holding Company Structure

The Federal High Court, Enugu, will on Monday, November 30, 2020 begin hearing in Innoson Nigeria Limited application to stop GTBank’s proposed Holding Company Structure. Innoson in a statement issued by its Head of Corporate Communications, Corne...

November 10, 2020 No Responses

GTBank Emerges 2020 Best Digital Bank In Nigeria

A research and credit rating agency, Agusto & Co, on Monday disclosed that GTBank Plc ranked highest in user experience in the third edition of consumer banking satisfaction index. Senior Analyst, Financial Institutions Ratings, Agusto & Co, Mrs Mariam...

October 10, 2020 No Responses

GTBank, Dangote Cement, Top Losers’ Table As Market Capitalisation Drops Further By N68b

Market capitalisation of the Nigerian Stock Exchange, on Friday, dropped further by N68 billion or 0.46 per cent to close at N14.852 against N14.920 trillion. Also, All-Share Index which opened at 28,546.22 lost 130.91 points or 0.46 per cent to...

September 3, 2020 No Responses

GTBank Declares 30k Interim Dividend

Guaranty Trust Bank Plc on Wednesday announced an interim dividend of 30k per share for the half year ended June 30, 2020. The bank stated this in its audited financial results released to the Nigerian Stock Exchange and London Stock...

August 28, 2020 No Responses

GTBank Staff In Court Over Alleged N3.8m Theft

A 34-year-old banker, Temidayo Fabumoye, on Friday appeared before an Igbosere Magistrates’ Court, Lagos, charged with stealing N3.8 million from his employer. Fabumoye, whose residential address was not given, pleaded not guilty to the charge of theft p...

July 7, 2020 No Responses

FCTA Threatens To Shut GTBank Over Alleged COVID-19 Protocol Violation

The Federal Capital Territory Administration (FCTA) has threatened to seal some Guarantee Trust Bank branches in Abuja over alleged non-adherence to COVID-19 safety protocols in their operations. Chairman of the FCTA Enforcement Team on COVID-19, Mr Ikharo Att...

March 3, 2020 No Responses

GTBank Declares N196.85b Profit, N2.50 Final Dividend For 2019

For the year ended December 31, 2019, Guaranty Bank Trust (GTBank) Plc on Monday declared profit of N196.85 billion and final dividend of N2.50 per share. According to the Bank, the profit after tax represented an increase of 6.6 per...