Shareholders of Guaranty Trust Bank (GTBank) yesterday, at the annual general meeting of the bank, approved the final dividend of 145 kobo proposed by the board. The bank had during the year offered an interim dividend of 25 kobo to bring the total dividend for the 2013 financial year to 170 kobo per share, an increase of 10 per cent over N1.55 paid in 2012.
The management of the bank, at the meeting, promised to remain focus as it consolidates on the gains it has made over the years.
GTBank’s Managing Director, Segun Agbaje, said the bank will continue to show its shareholders that: “we care about them by undertaking high impact social responsibility initiatives, introducing new channels through which they can bank at their convenience and conducting our business in adherence to the values we are known for which are professionalism, integrity, excellent service, empathy and innovation”.
GTBank’s Chairman, Egbert Imomoh, said the bank sustained its track record of delivering superior financial performance in the year under review.
The group’s gross earnings improved by 8.8 per cent to N242.67 billion from N223.06 billion in 2012 with the profit before tax appreciating by 3.94 per cent from N103.03 billion in 2012 to N107.09 billion in 2013, while the profit after tax rose by 4 per cent from N86.687 billion to N90.024 billion.
Meanwhile, the bank has announced the launch of its new loyalty scheme exclusively for its credit card holders. The loyalty scheme is in partnership with Avios, the leading global travel rewards company.
This initiative is part of the bank’s overall strategy to bring the best in card products to its customers. It will reward international GTBank credit card holders, who are also members of the British Airways Executive Club Programme, for using their cards to pay for purchases using Point of Sale terminals.