Guaranty Trust Bank Ltd has been named the ‘Best Bank in Nigeria’ at the Euromoney Awards for Excellence 2023 for the 12th time.

A statement said Euromoney is a leading authority for global banking and financial markets, and the annual awards for excellence celebrated financial institutions that demonstratd leadership, innovation and resilience in the markets they operated in.

Announcing the award, Euromoney said, “Nigeria’s Best Bank, Guaranty Trust Bank, has continued to do a good job of convincing investors that it is better placed than its key competitors to deal with the risks ahead—and perhaps to take advantage of opportunities in economic and policy transition.”

Despite the operating environment, the bank continued to deliver results as the flagship franchise of Guaranty Trust Holding Company Plc, which recorded a profit before tax of N214.2bn, pre-tax Return on Equity of 23.6 per cent, and cost to income ratio of 48.0 per cent for the period ended December 31, 2022.

Commenting on the award, the Managing Director of Guaranty Trust Bank Ltd, Mrs Miriam Olusanya, said, “We are honoured to be named the Best Bank in Nigeria by Euromoney.

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