GUARANTY TRUST BANK PLC Business Summary
- merchant banking (54.8% of turnover). The group also offers electronic payment and online banking services;
- retail banking (29.8%): sale of conventional and specialized banking products and services (management of current, savings and overdraft accounts; management of pension funds; issuance of credit and debit cards; consumer credit; home loans and mortgages; etc.);
- commercial banking (6.9%);
- corporate banking for small and medium-sized companies (6.5%);
- provision of banking services for governments and public institutions (2%).
At the end of 2020, the group managed NGN 3,509.3B in outstanding savings and NGN 1,662.7B in outstanding loans.
The products and services are marketed over a network of 339 agencies located in Nigeria (232), Africa (106) and the United Kingdom.
The geographical breakdown of the turnover is as follows: Nigeria (80.6%), Ghana (8.8%), Kenya (2.3%), Africa (7.2%) and United Kingdom (1.1%).
Number of employees: 5,487
Sales per Business
| NGN in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Corporate Banking
60.7
%
| 296,247 | 54.9 % | 720,563 | 60.7 % | +143.23% |
Retail Banking
25.5
%
| 147,009 | 27.3 % | 302,074 | 25.5 % | +105.48% |
Commercial Banking
5.4
%
| 37,535 | 7.0 % | 64,410 | 5.4 % | +71.60% |
Small and Medium Enterprise Banking
5.3
%
| 36,950 | 6.9 % | 62,632 | 5.3 % | +69.51% |
Public Sector Banking
1.8
%
| 10,501 | 1.9 % | 21,460 | 1.8 % | +104.36% |
Business Banking
1.3
%
| 7,298 | 1.4 % | 14,834 | 1.3 % | +103.25% |
Consolidation and Adjustments
0.0
%
| 3,694 | 0.7 % | 492 | 0.0 % | -86.69% |
Sales per region
| NGN in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Nigeria
78.9
%
| 401,952 | 74.5 % | 936,134 | 78.9 % | +132.90% |
Rest of West Africa
15.8
%
| 102,140 | 18.9 % | 187,969 | 15.8 % | +84.03% |
East Africa
3.0
%
| 24,809 | 4.6 % | 35,527 | 3.0 % | +43.20% |
Europe
2.3
%
| 10,335 | 1.9 % | 26,836 | 2.3 % | +159.67% |
Managers
| Managers | Title | Age | Since |
|---|---|---|---|
J. Agbaje
CEO | Chief Executive Officer | 59 | 21-07-13 |
Olusina Ayegbusi
CTO | Chief Tech/Sci/R&D Officer | - | - |
Erhi Obebeduo
LAW | General Counsel | - | - |
Members of the board
| Members of the board | Title | Age | Since |
|---|---|---|---|
Sola Oyinlola
CHM | Chairman | 68 | 21-07-13 |
J. Agbaje
CEO | Chief Executive Officer | 59 | 21-07-13 |
Cathy Echeozo
BRD | Director/Board Member | - | 21-07-13 |
| Director/Board Member | 50 | 21-07-13 | |
Adebanji Adeniyi
BRD | Director/Board Member | - | 21-07-13 |
Suleiman Barau
BRD | Director/Board Member | - | 21-07-13 |
Share class
| Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
|---|---|---|---|---|---|
| Stock A | 1 | 29,431,179,224 | 29,396,108,243 ( 99.88 %) | 0 | 99.88 % |
Holdings
| Name | Equities | % | Valuation |
|---|---|---|---|
| 8,125,998 | 0.03% | 326,909 $ |
Company contact information
Guaranty Trust Holding Co. Plc
Victoria Island Akin Adesola Street
101241, Lagos
+234 1 2715227
http://www.gtcoplc.com
Group companies
| Name | Category and Sector |
|---|---|
Guaranty Trust Bank (UK) Ltd.
 Guaranty Trust Bank (UK) Ltd. Major BanksFinance Guaranty Trust Bank (UK) Ltd. provides banking services. The company is headquartered in London, the United Kingdom. |
Major Banks
|
Sales per Business
Sales per region
| 1st Jan change | Capi. | |
|---|---|---|
| +15.61% | 211B | |
| +0.80% | 72.11B | |
| +8.99% | 55.24B | |
| +19.29% | 50.4B | |
| +0.56% | 46.78B | |
| +8.93% | 44.85B | |
| +6.41% | 35.93B | |
| -14.70% | 35.77B | |
| -96.60% | 32.24B |
