Guaranty Trust Bank plc has been ranked Africa’s Most Admired Finance Brand in the 10th-anniversary rankings of Brand Africa 100: Africa’s Best Brands, the pre-eminent survey and ranking of the Top 100 admired brands in Africa. The rankings were announced in a novel global virtual event and will be published in the June issue of the African Business magazine.
In a special report examining the
results of the 2020 survey, the founder of Brand Africa, Thebe Ikalafeng, said
GTBank’s “clever marketing, global presence and some of its flagship food and
fashion events have undoubtedly helped make it a fixture of daily life in some
of its key markets, especially its home base Nigeria.” He added that the bank,
which recently won plaudits for building a 110-bed Care Centre in response to
the Covid-19 Pandemic, “has taken banking and finance to the people.”
GTBank has long been regarded as one of
Africa’s outstanding brands and enjoys a massive youth following thanks to its
innovative and forward-thinking approach to financial services and customer
engagement. It currently commands the largest social media following amongst
all financial institutions in Africa and in 2019, the Bank hosted over 700,000
people at its consumer-focused events, GTBank Food and Drink Festival and The
GTBank Fashion Weekend, among them dozens of business leaders and industry
experts from around the world.
In 2019, GTBank removed all banking charges for
young undergraduates under the age of 25 on its GTCrea8 Account Package. The
move was unprecedented in the financial services sector but not unusual for a
bank that had pioneered Zero-Naira Account Opening in the country, and in which
people over the age of 65 also bank for free.
GTBank is also blazing the trail
in digital technologies; after leading the USSD banking revolution in Nigeria
with its 737 Service, the bank is driving the digitization of consumer lending
with Quick Credit, a first-of-its-kind digital lending product that gives
individuals and small businesses instant, real-time access to loans anytime,
anywhere via their mobile phones.
Brand Africa’s ranking of GTBank as Africa’s Most Admired Finance Brand is
only one of its many accolades. In 2019, the was recognized as the Best Bank in Africa and Best Bank in Nigeria,
by the Euromoney Magazine and the Best Banking Group and Best Retail Bank
Nigeria by World Finance Magazine. In the same year, the Bank also dominated
the Central Bank of Nigeria’s Electronic Payment Incentive Scheme (EPIS)
Efficiency Awards for the third year in a row, taking home 8 of the 12 honours
for banks at the forefront of driving the digitalization of financial services.
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