{"id":48146,"date":"2021-04-12T18:01:48","date_gmt":"2021-04-12T17:01:48","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=48146"},"modified":"2021-04-12T18:01:48","modified_gmt":"2021-04-12T17:01:48","slug":"gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/","title":{"rendered":"GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje\u2019s Leadership"},"content":{"rendered":"

Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00 per share to shareholders for the financial year ended Dec. 31, 2020.<\/p>\n

This endorsement was made on Friday, April 9th, 2021, at the Bank\u2019s 31st<\/sup>\u00a0Annual General Meeting (AGM) held in Lagos. 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. GTBank according to the results presented to and applauded by shareholders at the AGM, recorded an increase in all performance indicators despite the challenging operating environment that prevailed in 2020.<\/p>\n

Speaking at the meeting, a shareholder, Mr. Tunji Bamidele, commended the bank\u2019s 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.<\/p>\n

\n
<\/div>\n<\/div>\n

Applauding the Managing Director\u2019s leadership acumen and dexterity, Bamidele noted that the MD\/CEO\u2019s steering of the bank in the past 10 years has been a blessing to shareholders and the bank\u2019s well-meaning stakeholders.<\/p>\n

In his comments, the Managing Director and Chief Executive Officer, Mr Segun Agbaje, noted that the year 2020 was arguably the most challenging year that the world has faced in decades and that in such unprecedented times, the bank has been at the forefront of safeguarding lives and livelihood across the communities where it operates.<\/p>\n

\u201cWe continue to receive positive and goodwill messages for the role we played at the height of the pandemic; especially for putting together very timely, a 110-bed Isolation Centre, with an intensive care unit, in partnership with the Lagos State Government,\u201d he said, citing the Bank\u2019s Excellence in Leadership in Africa Award which was specially created by the renowned Euromoney Magazine to spotlight private institutions at the forefront of tackling the pandemic.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Mr Agbaje also spoke about GTBank\u2019s solid performance in a very challenging year and his confidence in the organization\u2019s ability to keep delivering for all its stakeholders. His words, \u201cThe strength, scale and liquidity of our balance sheet, coupled with the quality of our past decisions and the efficacy of our digital-first customer-centric strategy gave us the resilience and flexibility to navigate the economic shocks and market volatility that dominated the year.\u201d<\/p>\n

\u201cAmidst the many challenges that persist, we remain ardent believers in Africa\u2019s growth potential. Our world is increasingly digital, and we see it opening new and exciting opportunities for empowering people and uplifting our communities. With our commitment to deepening customer relationships and intense focus on delivering innovative financial solutions, we enter 2021 well-positioned\u201d, he added.<\/p>\n

GTBank is one of Africa\u2019s most profitable financial institutions. In 2020, the Bank reported Profit before tax of \u20a6238.1billion, representing a growth of 2.8% over \u20a6231.7billion recorded in the corresponding year ended December 2019. The Bank also continues to post the best metrics in the Nigerian Banking industry in terms of key Financial Ratios i.e. Post-Tax Return on Equity (ROAE) of 26.8%, Post-Tax Return on Assets (ROAA) of 4.6%, Full Impact Capital Adequacy Ratio (CAR) of 21.9% and Cost to Income ratio of 38.2%.<\/p>\n

Photo Caption: From Left—Managing Director\/CEO, Guaranty Trust Bank Plc, Mr. Segun Agbaje; Chairman, Mrs. Osaretin Demuren and Company Secretary, Mr. Erhi Obebeduo at the bank\u2019s 31st<\/sup>\u00a0Annual General Meeting held at the weekend in Lagos.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00 per share to shareholders for the financial year ended Dec. 31, 2020.<\/p>\n","protected":false},"author":6,"featured_media":48147,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[7586,1536],"coauthors":[2391],"class_list":["post-48146","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-audited-financial-statements","tag-gtbank"],"yoast_head":"\nGTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje\u2019s Leadership - National Wire<\/title>\n<meta name=\"description\" content=\"Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje\u2019s Leadership - National Wire\" \/>\n<meta property=\"og:description\" content=\"Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T17:01:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/04\/1f089e2fb549dea356f293d5fb34b9de-1000x600-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/04\/1f089e2fb549dea356f293d5fb34b9de-1000x600-1.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/04\/1f089e2fb549dea356f293d5fb34b9de-1000x600-1.jpg\",\"width\":1000,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/\",\"name\":\"GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje\u2019s Leadership - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#primaryimage\"},\"datePublished\":\"2021-04-12T17:01:48+00:00\",\"dateModified\":\"2021-04-12T17:01:48+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje\u2019s Leadership\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje\u2019s Leadership - National Wire","description":"Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/","og_locale":"en_US","og_type":"article","og_title":"GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje\u2019s Leadership - National Wire","og_description":"Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend","og_url":"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/","og_site_name":"National Wire","article_published_time":"2021-04-12T17:01:48+00:00","og_image":[{"width":1000,"height":600,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/04\/1f089e2fb549dea356f293d5fb34b9de-1000x600-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/04\/1f089e2fb549dea356f293d5fb34b9de-1000x600-1.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/04\/1f089e2fb549dea356f293d5fb34b9de-1000x600-1.jpg","width":1000,"height":600},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/","name":"GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje\u2019s Leadership - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#primaryimage"},"datePublished":"2021-04-12T17:01:48+00:00","dateModified":"2021-04-12T17:01:48+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/gtbank-shareholders-endorse-n3-00-total-dividend-for-2020-applaud-agbajes-leadership\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje\u2019s Leadership"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/48146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=48146"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/48146\/revisions"}],"predecessor-version":[{"id":48148,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/48146\/revisions\/48148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/48147"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=48146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=48146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=48146"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=48146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}