Guaranty Trust Bank has changed its business name to ensure the Herel Trust company [GTCO PLC] with a list on the Nigerian Stock Exchange on Tuesday, July 13, 2021.
This follows the completion of all regulatory requirements for corporate reorganization of leading financial institutions into the structure of the parent company.
In 1997, the trust warranty was listed on the Nigerian Stock Exchange. Check by Citizen NewsNg | But the citizen magazine showed that he won the 'Nigerian Stock Exchange President's Merit Award in a few months from the list.
In 2007, the trust warranty became the first Nigerian Bank registered in the London Stock Exchange, the first of the double list in international exchanges. It is also the first Nigerian company to increase international capital through registered global storage receipts. Since then, the trust warranty has started a decade of incomparable growth with total assets and shareholder funds closed at ₦ 4,993 trillion and ₦ 837.2 billion, at the end of Q1, 2021 ".
In press releases available for residents of NewsNg | Citizen magazine, financial institutions stated that as part of its long-term growth strategy, the belief guarantee now adopts the structure of the parent company where GTCO PLC will operate as a parent company of all banking business confidence throughout Africa and the UK and other non-banking businesses to be established follow the transition.
In his statement, the Chief Executive Officer Group Guaranty Trust, Mr. Agbaje said: "This is a very pleasant moment for us. After our transition, we can now compete more effectively with non-banks in this new and developing competitive landscape, while creating more value for customers and shareholders than that We have done as a bank ".
Agbaje declared further that, though, we were happy to have completed this strict transition process, we knew that hard work had just begun. We are in the final phase of building a new payment business that will deepen and expand digital financial services throughout Africa. Also believes that we are in a better position to encourage the business of asset management and business pension funds, given our strong retail base and digital-first approach to financial services, which we have borne over the past decade ".
Remember that the trust warranty was founded in 1990, financial institutions have maintained a sustainable year-on-year growth and excellence that is consistent in encouraging technology and digitizing financial services in Africa.
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