GTBank shareholders endorse N3 dividend

Shareholders of Guaranty Trust Bank (GTBank) Plc, have endorsed the payment of N3.00 dividend per share to shareholders for the financial year ended Dec. 31, 2020.

This endorsement was made on Friday, April 9th 2021, at the bank’s 31st Annual General Meeting (AGM) held in Lagos, a statement from the bank said yesterday.

The bank had proposed a final dividend of N2.70 per unit of ordinary share held by shareholders in addition to the interim dividend of 30k interim dividend earlier paid in June 2020.

In 2020, the Bank reported Profit before tax of N238.1 billion, representing a growth of 2.8% over N231.7bn recorded in the corresponding year ended December 2019.

A shareholder at the meeting, Mr Tunji Bamidele, commended the bank’s board and management for sustaining profit and dividend payment in spite of the harsh and challenging economy experienced in the year 2020 as a result of the pandemic that challenged the world.

In his comments, the Managing Director and Chief Executive Officer, Mr Segun Agbaje, spoke about

GTBank’s solid performance in a very challenging year and his confidence in the organization’s ability to keep delivering for all its stakeholders.

“The strength, scale and liquidity of our balance sheet, coupled with the quality of our past decisions and the efficacy of our digital-first customercentric strategy gave us the resilience and flexibility to navigate the economic shocks and market volatility that dominated the year.”

“With our commitment to deepening customer relationships and intense focus on delivering innovative financial solutions, we enter 2021 well-positioned,” he added.