GTBank Appoints a New Director to its Board

Guaranty Trust Bank (Ghana) Limited has formally announced the appointment of Mr. Reindorf Baah Perbi, a seasoned accountant and investment consultant, as Independent Non-Executive Director to the Board of the Bank effective December 9, 2016.

Mr. Perbi graduated from the University of Ghana where he was awarded a Bachelor of Science (Hons) degree in Administration. He also holds a Post Graduate Diploma in Industrial Management (Finance) from the Research Institute for Management Science, Delft, Netherlands and many other certificates in diverse fields.

He retired as Deputy Senior Partner of KPMG Ghana in April 2015, where he provided direct assistance in managing the Ghana Practice, as well as being the partner in charge of Quality and Risk Management, Ethics and Independence and Human Resource. He was also a former Member, Executive Board of KPMG West Africa and has worked with KPMG for thirty-two (32) years. He served as Council Member of the Institute of Chartered Accountants (Ghana).

Prior to working with KPMG, Mr. Perbi was the Chief Accountant of SG-SSB where he was responsible for financial administration of the bank and in charge of accounts department, stores and warehouse and procurement.

He is also equipped with in-depth knowledge in Governance, Petroleum, Mining, Manufacturing, Financial and Construction sectors. He is a member of ACCA Global Forum on Risk and Governance, and also a Lifelong Fellow of the Oxford Club, USA.

Other members of GTBank’s Board are Chairman Alhaji Yusif Ibrahim, a Ghanaian entrepreneur and an accomplished businessman; Vice Chairman and Managing Director of Guaranty Trust Bank Plc, Mr. Segun Agbaje and the Managing Director of GTBank Ghana, Mr. Lekan Sanusi.

Others on the Board are Mr. Ademola Odeyemi, Mr. Mobolaji J. Lawal and Mrs. Olutola Omotola, all Executive Directors of GTBank Plc. The Secretary to the Board is Ms. Iris Richter-Addo, Divisional Head of General Internal Services of GTBank Ghana.

The GTBank brand is regarded by industry watchers as one of the strongest, safest and best run financial institutions across its subsidiary countries and serves as a role mode lwithin the financial service industry due to its bias for world class corporate governance standards, excellent service delivery and innovation.

Recently, the bank was for the fourth year running, adjudged the “Technology Advanced Bank of the Year” at the Ghana Information Technology and Telecoms Awards, thereby cementing its undisputed lead in the use of technology to make banking easy and convenient for its customers and the general public.

It was also named the “Digital Bank of the Year” and “Best Bank in Mobile Financial Service” in recognition of the various platforms and channels deployed to enhance banking on the go.

These awards cemented an earlier international recognition of GTBank’s superiority in e-banking when the U.K. based Capital Finance International awarded it the “Best Digital Banking – Ghana 2017” award in March this year.

Year 2017 so far has proven to be another good year for the bank as its half-year audited accounts show that Total Asset size has grown by 19% from GHS1.5 billion in June, 2016 to GHS1.8billion in June, 2017. The Bank’s Profit Before Tax (PBT) as at June 2017 was GHS65 million compared to GHS52 million recorded same period in 2016. This demonstrates steady growth in profitability of about 25%. Total Equity of the Bank as at 30th June, 2017 stood at GHS293 million, which is clearly above the current regulatory minimum capital of GHS120 million while capital adequacy ratio was 20.41% which is also above the regulatory limit of 10%.