GTBank optimistic about economy’s prospects… Sets top five target

The Guaranty Trust Bank Ghana (GTBank) says it is confident in the future prospects of the Ghanaian economy and is committed to invest for the long term.

“We see the future for Ghana as very bright, it is not unusual for any economy to go through turbulence most probably because you are part of the global economy and when there are challenges in the global economy it affects domestic economy,” Mr. Olalekan Sanusi, Managing Director, GTBank said.

Speaking in an interview with a section of the media in Accra as part of activities to kick-start the bank’s 10th anniversary celebrations in Ghana, he said even during the challenging times the bank saw opportunities in the Ghanaian market.

 Genesis

GTBank Ghana in February 2006, obtained its universal license from the Bank of Ghana to commence operations.

Consequently, Mr. Sanusi who was then in charge of Corporate Planning of GTBank, Nigeria was tasked to set up the Ghana subsidiary, opened its first branch at 25A Castle Road and can now boast of 33 branches.

Mr. Sanusi said, “We are proud to be 10 years old and of course in the course of the next few weeks the next months we will be rolling out a number of initiatives to enable us really tell the whole world and Ghana in particular that we are 10 years old.”

He said the bank over the past 10 years laid a strong foundation that would drive its set goals and objectives.

Mr. Sanusi said the bank’s target was to be among the top five banks in the country in the medium to long term.

“We are going to be big because the overall objective is always to dominate in whatever market we operate, but we will take our time and we will get there. If we look at our growth trajectory vis-a-vis what our plans are, we are satisfied with what we have achieved,” he said.

He said the bank was pursuing an efficient strategy that would drive its growth agenda.

Mr. Sanusi said the bank was keen on expanding its branch network to cover more parts of the country.

“We are growing our branches strategically, late last year we opened a branch on the university campus and it is strategically deliberate because we have identified business opportunities in that area,” he said.

 

TECHNOLOGY

Mr. Sanusi said “as we open more branches, we would continue to use cutting edge technology to drive the bank’s products and services to provide convenience for our customers”.

The bank’s superiority in technology and electronic banking was endorsed at the fifth edition of the Ghana Telecoms Awards 2015, where for the second time running, it was adjudged Technology Advanced Bank of the year.

It was also named winner of the eBanking Service of the year award.

“To be very sincere we believe that technology and banking have a very symbiotic relationship and if you want to be a successful bank you must be technology savvy and so each day and each moment we work to push that frontier,” he said.

Mr. Sanusi assured customers that the bank had put in place measure to forestall any loss of customers’ data in any case of disaster.

To this end, he said, the bank had established Disaster Recovery Centre to serve as a backup to mitigate any negative impact.

The centre he explained was to ensure that the bank’s business does not come to a halt as a result of floods, fire outbreaks or any disaster adding that “we have the back-up to still serve our customers”.

 

Bank’s  outlook

Mr. Sanusi said the outlook for the bank was bright and was looking forward to building a strong and robust financial institution.

He said the bank would continue to delight customers with innovative products and services and also create value for shareholders.

He said while the bank was keen on growing its size the main focus was to be very profitable and efficient.

By David Adadevoh 

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