Guaranty Trust Bank (GTBank) has been ranked among top 12 global companies to watch out for in developing markets. This was done by the Economic Intelligence Unit.
A 23-page report was released by the world leader in global business intelligence. It was titled “Going global: 12 companies to watch in developing markets”. The report examined six industries which include automotive, consumer goods, energy, financial services, healthcare and telecommunications.
In the report, Nigeria’s GTBank made the headline with its digital banking services among the 12 local companies making waves across developing markets. It was the only financial institution from the continent.
In August 2018 GTBank started offering its banking services on WhatsApp. The digital services of GTBank have extended beyond banking to online payments for services such as applying for passports.
The report also noted that the bank will continue to play a crucial role in providing loans to energy companies, noting that the bank also gets considerable revenue from upstream oil operations in Nigeria.
Other companies listed include:
- Russia’s Kamaz truck maker
- Chinese automaker, JAC Motors
- Mexican multinational bakery, Grupo Bimbo
- UAE-based Majid Al-Futtaim
- India’s crude oil firm, ONGC
- Russian state-owned Rosatom
- Malaysia’s CIMB
- Indonesian healthcare firm, Kalbe Farma
- Brazilian healthcare provider, Notre Dame Intermedica
- Qatari company Ooredoo
- Brazilian telecoms company, Algar Telecom
A review of GTBank’s recently released H1 2018 results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria.