GTBank team crash insurers in friendly match

Guaranty Trust Bank Gambia Limited on Friday defeated by one goal to nil the team of the Insurance Association of The Gambia (IAG), which comprised insurance practitioners from various insurance companies.

Played at the Father Gough Sports Complex in Manjai Kunda, both the first and the second halves of the match were dominated by GTBank, who played the insurance practitioners like professionals against amateurs. 

The insurers justified this by saying the bankers usually train together hence they have that collective fitness.

However, the banks in the country operate six days in a week while the insurance companies only operate for five days so they have more days to train than the bankers.

The bankers scored their first goal in the 15th minute of play but this was ruled out by the central referee as off-side. 

The first half ended goalless, as the bankers failed to take advantage of their numerous goal-scoring opportunities created. 

GTBanks celebrates a decade of ‘successful’ operations

Guaranty Trust Bank Gambia Limited, the first bank in The Gambia that originated from Nigeria, marked its decade of operations in the country which “is highly rewarding both in terms of enriching knowledge of banking and also putting profit on the table which is the essence of every business.”

Mr Femi Omotoso, MD GTBank Gambia Ltd

The bank that started operations in the Gambia in March 2002, celebrated its 10-year anniversary with a line-up of activities which began with an ‘Official cutting of the cake’ held on Monday at the bank’s head office located along Kairaba Avenue.  The event brought together key stakeholders of the bank, representative of the ministry of finance and the Central Bank of the Gambia, and a cross-section of the public.

GTBank started operations in the Gambia as the seventh bank in country in just five years’ time; the bank has metamorphosed to be the third largest bank in the country both in terms of balance sheet and profitability and has won several prestigious awards in the country. 

“This was achievable due to the warm embrace of its excellent service delivery culture and strong core values,” the managing director of GTBank, Mr Femi Omotoso, said on Monday. “This is all possible, thanks to our esteemed customers.” 

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

GTBank rewards high-spending customers

GTBank MD, Mr Omotoso, presenting prize to one of the lucky winners

Guaranty Trust Bank (Gambia) on Thursday held its first raffle draw to rewards customers with Visa Card who spent at least D50, 000 in a month.

 “This is the first draw in this promotion,” the new managing director of GTBank, Femi Omotoso, said during the draw held at the bank’s Jimpex branch.

MD Omotoso said the promotion, dubbed ‘Visa Card 2011 Summer Promotion’, runs from July through September this year, and was designed for the bank to say ‘thank you’ to its visa card customers. 

During the draw, six prizes were given in two sets.  The first three set of winners were the ones who spent at least D50,000 using their visa card from 15^th July to 15^th August.  The lucky winners of that draw were: Afolabi Isiaolugbola, who won a GTSave account; Awada Enterprise, won visa card with D5,000 credit; and Karim Sati Rahmoni, won a dinner for two at Coco Ocean Hotel and Spa.

The second set of winners were the once who spent a minimum of D50,000 between 16^th August to 15^th September.  The winners were EH Farage won GTSave; Pass Trading won visa card with D5,000 credit, and Ebenizar Owuey won the dinner for two at Coco Oceans.

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.