Stories are making round that GTB is one of the banks used by ex-Gov of Delta, Ibori for money laundering. United Kingdom based Financial Conduct Authority (FCA) days back claims GTB will pay E500, 000 fine for failing to do anti-money laundering checks on clients from high-risk countries.
An insider said the error occurred earlier in the bank set up in UK in 2008, and had since been addressed. Financial analysts are of the opinion that pressing a client rigorously about sources of wealth is nebulous.
But the truth is Guaranty Trust Bank plc has continued to consolidate its position as a foremost African brand through adherence to high corporate governance principles, strong financial performance and the introduction of innovative products and services to ensure its stakeholders are well satisfied each time they encounter the GTBank brand. These efforts and the Bank’s numerous achievements in the last 12 months, recently led to its recognition as the top Nigerian Company in the Banking industry according to African Business’ Annual Rankings Magazine. The rankings which incorporates companies that are listed on African stock exchanges also includes those that are listed in the world and global giants listed on two or more of the Johannesburg, London, Sydney and New York exchanges.
Guaranty Trust Bank plc has once again raised the service bar for African Financial Institutions, by upgrading its Social Banking offering on Facebook to accommodate Instant GTBank Account Opening. With this upgrade, prospective customers of the foremost Bank can open accounts and immediately get their account numbers while on Facebook, without having to visit any GTBank branch.
Commenting on the new offering which went live recently, Managing Director/CEO of Guaranty Trust Bank plc; Mr. Segun Agbaje said the upgrade will make it more convenient for people to commence banking relationships with the Bank. Mr. Agbaje explained that all people have to do while on Facebook is fill the account opening form, upload their passport photograph and signature mandate and immediately get their account number.
GTBank Social Banking is a unique offering pioneered by the Bank earlier in the year that allows people open GTBank Accounts, make Account Balance Enquiries, perform Money Transfers and purchase Airtime on Facebook. The Bank remains the leading Nigerian financial services provider in the social media space with over 1.3 Million followers on Facebook alone, the largest following for any Nigerian company.
With Social Banking, Guaranty Trust Bank plc has successfully introduced a new and effective platform through which its customers can get real-time customer service and perform transactions quickly, safely and at their convenience. According to Mr. Agbaje the banking requirements of today’s customers necessitates a high degree of flexibility, which is why GTBank is instituting value adding channels on social and other platforms that allow people bank 24/7.
Also, Guaranty Trust Bank plc recognizes the contribution that an “employee volunteering scheme” can make to the wider community. Through a series of employee volunteer initiatives, GTBank employees have been able to give back to the community whilst at the same time enhancing their versatility and development opportunities. Guaranty Trust Bank’s employee volunteering scheme plays an active part in the local community in an impactful and beneficial way.
Currently, there are two initiatives being undertaken by GTBank staff to improve the quality of education delivered to the Nigerian child – The GTBank staff Orange Volunteer After-School initiative; a coaching, tutoring and mentoring programme for pupils in primary schools preparing to take entrance examinations into secondary schools and the GTBank Adopt-a-School project; a programme introduced by the Bank in 2004, to improve the learning conditions of students of public schools.
The management, staff and pupils of St. George’s Boys and Girls Primary Schools, Lagos recently commended staff of Guaranty Trust Bank plc for their outstanding employee volunteer program; the Orange Volunteer After-School initiative, which has helped improve the academic performance of the students of the school. In a letter of appreciation sent to the Bank, the school thanked Staff of GTBank plc for their level of responsibility and commitment to the development of its pupils through the coaching and tutoring weekend sessions.
The 8-week intensive coaching programme commenced in February, 2013 with members of staff from various units and departments taking pupils in subjects such as mathematics, English, Vocational Studies, Quantitative Aptitude and Verbal Aptitude. In the 2013/2014 placement result released by Lagos State Government in June, 2013, pupils of St. George’s Boys’ and Girls’ Primary Schools recorded a 100% pass rate in the examination; an improvement over the 98% pass rate achieved by GTBank staff in the 1st year coaching of the students. A total of 74 pupils took the examination with 68% of the pupils scoring over 70%. Teachers, parents and pupils were pleased with the wonderful result and Staff of the Bank also promised their unflinching support to the development of pupils in schools around the country.
Expressing his view on the accolade, the MD/CEO of GTBank plc; Mr. Segun Agbaje could not hide his excitement about this feat, he said “We have a long standing commitment to the communities in which we operate. Beyond the benefits our core business brings to our host communities, we aim to contribute our quota to the development of the society. GTBank staff are highly committed to this goal and this shows how much we treasure the children around us”
Guaranty Trust Bank staff have always been at the forefront of Corporate Social Responsibility within the Nigerian financial services sector. The Bank staff also have an Orange Valentine Initiative; a contribution invested in developmental issues that affect local communities and the less privileged.