Zenith, GTBank rated top for resilient performance

The parent companies of Zenith Bank Gambia Limited and Guaranty Trust Bank Gambia Limited have been rated top in Fitch's Viability Rating (VR) reflecting strong domestic franchises and resilient performance.   

In a special report on Nigeria banking sector published on 30 July, the rating agency said GTBank and Zenith in Nigeria were at the top with VRs of 'b+'.

"The VRs of these banks reflect strong domestic franchises and resilient performance through the cycle. The VRs also take account of lower than average concentration risk for the sector and acceptable levels of capitalization," the report says.

GTBank MD leaves Gambia with mixed feelings

The outgoing managing director of Guaranty Trust Bank, Olalekan Sanusi, has left The Gambia with mixed feelings after spending more than five years at GTBank’s helm of affairs in the country.

[L - R] Mr Sanusi shakes hand with Mr Omotoso (new GTBank MD)

“It is with mixed feelings that I will be leaving The Gambia. Mixed feelings because it is a place I have stayed for five and half years - and it is a place I like. I have fallen in love with The Gambia already,” Mr Sanusi.

Speaking at the party organised by the bank to bid him farewell as well welcome his successor, Mr Sanusi expressed delight that under his leadership the bank was able to produce very sound results.

Mr Sanusi came to The Gambia as managing director of GTBank in February 2006 succeeding Mr Richards, who has now retired. 

Sanusi is expected to move Ghana, where he would serve as the managing director of GTBank Ghana, the 

second largest subsidiary of GTBank outside Nigeria.  He has already been succeeded by Mr Olufemi Omotoso, who was the managing director of GTBank Liberia.

Achievements by GTbank Gambia under Mr Sanusi