GT Bank Anchor Its Operations Profiles On Sustainability

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Sustainability is firmly embedded in the formation of Guaranty Trust Bank and that is why our focus on excellence and sustainability has helped us attract on-lending facilities from international finance institutions very early in our business.

Guaranty Trust Bank plc commenced operations in February 1991, and has since then grown to become one of the most respected and service focused banks in Nigeria. The bank through water and fire of activities of success to raised over N11bn in 2004 to meet the N25 billion minimum capital base for banks introduced by the Central Bank of Nigeria in 2005. The management of the bank took post consolidation strategic decision involving major rebranding exercise which saw the bank emerged with improved service offerings, an aggressive expansion strategy and its vibrant orange identity.

The GT Bank historical movement since 2007 as Nigeria first financial institution that undertook a US$350 million regulation Eurobond issue and a US$750 million Global Depositary Receipts (GDRs) Offer as a first step followed by the listing of that GDRs on the London Stock Exchange in July in that year made the Bank the first Nigerian Company and African Bank to be listed on the main market of the London Stock Exchange. As if that was not enough, the bank in 2009 successfully completed an offering of ₦13.165 Billion Fixed Rate Senior Unsecured Non-Convertible Bonds Due 2014 (Series I), being first tranche under the Bank’s ₦200 Billion Debt Issuance Programme

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In other to sustain its growth potential, in May 2011, the Bank successfully launched a US$500 million bond – the first non-sovereign benchmark bond offering from sub-Saharan Africa (outside South Africa), to the international community. This highly successful offering which since has matured in 2016, has enhance further the international finance community’s believe in the Guaranty Trust Bank brand

In 2013, the Bank issued a USD 400,000,000 Euro bond at a coupon rate of 6%; the least obtained by a Nigerian company in the international capital market. The said Eurobond was issued under the USD 2,000,000 Global Medium Term Note Programme, which is registered under both Regulation in the United State of America and Rule 144A in the United Kingdom and sold to investors across Africa, America, Asia and Europe.

As a first-class world financial service provider with an internal obligation to comply with international best practices, sustainability is firmly embedded in the formation of Guaranty Trust Bank and the bank has always ensured that its lending activities comply with international performance standards as well as applicable national economic, environmental and social regulations.

The management of the GT Bank continues to build internal capacity in managing the economical, social and environmental aspects of its operations, guided by a comprehensive Project Sustainability Policy. Bank conducts environmental and social due diligence on major Credit requests use in benchmarking against the performance standards of reputable international finance institutions. This process provides a firm foundation upon which we identify new opportunities to grow our businesses, and gain competitive advantage in the marketplace. These performance standards also ensure our conduct influences our customers and other stakeholders positively.

In the words of Managing Director and Chief Executive of the bank, Segun Agbaje, “As our corporate strategic aspirations grow, we remain proudly African with an international outlook. We are committed to the creation of long term value for all our stakeholders by measuring not only the impact of our activities on the economies and communities where we operate but also the external environmental outcomes of transactions funded by our Bank. We will partner with our clients, customers, regulators and communities in analyzing our individual and collective economic, environmental and social risks with a view to avoiding or reducing adverse impacts.”

He also said “Guaranty Trust Bank also known as GTBank or simply GTB is a Nigerian multinational financial institution will continue to be transparent in its conduct and operations; learning and improving on our Sustainability journey. As we set stretch goals for our Bank over the coming years, we pledge to measure our successes through the prism of Sustainability.

Our Sustainability priorities are borne of various expectations arising from ourselves and our stakeholders. They include:

Corporate Governance

Sound Employment Practices

Addressing Consumer Issues

Adopting Fair Operating Practices

Incorporating Environmental Management Systems

Respect for Human Rights

Community Investment

 

 

The Caption Photo: Managing Director and Chief Executive of the bank, Segun Agbaje


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