Appointed in June 2011 to lead what has today become one of Africa’s best run and most profitable financial institution, Segun Agbaje’s leadership and steering of GTBank management in the past 10 years has truly seen the bank grow in all assessment indices into becoming not just an enviable financial institution in Nigeria but the whole of Africa.
Leading the list of sky-high performers, earnings per share expanded at 15.45% on cumulative average growth rate, from N1.69 earned on share outstanding in 2011 to N7.11 in 2020. After the bank’s former Managing Director, Tayo Aderinokun’s demise in 2011, Agbaje emerged from within to lead the bank. In about a decade, GTBank has recorded big and heavy lift under his leadership.
In 2011, the bank’s loan to customers expanded from N574.255 billion to N679.358 billion, then to N742.436 billion in 2012, N926.967 billion in 2013 and the first trillion mark in 2014 when loan to customers upped at N1.182 trillion. By the year end 2015, loans to customers had swelled up to N1.371 trillion.
I kept reading thinking it’s a fight against terrorist Fulani 😂😂