GTBank outdoes competition in the banking industry

delivers remarkable results

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Guaranty Trust Bank has been able to take the fierce competition in the Gambia’s banking industry to its side.

The bank has positioned itself among the strongest banks in the country as it delivered remarkable result for 2010, which shows its balance sheet growing through increased profit, enhanced deposit portfolio as well as increased shareholders fund.

“In spite of the challenges posed by the global financial crisis and keen competition in the Gambian banking industry, Guaranty Trusty Bank (Gambia) Ltd has posted remarkable results for the year ended 31 December 2010,” a statement from the bank says.

Olalekan Sanusi, GTBank MD

The 2010 audited account of the bank, released after the bank’s Annual General Meeting held in July this year, indicate that GTBank’s profit before tax rose by 6% from D75 million in 2009 to D79.5 million in 2010, while gross earnings grew by 6.6% from D349 million in 2009 to D372 million.