By Niyi Jacobs
Guaranty Trust Holding Company (GTCO) has recently been the target of false media allegations regarding its business activities, results, and executive management. However, the company has taken swift and decisive legal action against the sources of these false reports, and is setting the record straight.
Despite the false allegations, GTCO has reported impressive financial performance, with a profit before tax of ₦609.3 billion, representing an increase of 184.5% over the previous year. The company’s loan book has also increased by 31.5%, and deposit liabilities have grown by 63.7%.
GTCO’s executive management team continues to operate in their full capacities, without any financial or regulatory scrutiny as alleged. The company remains committed to ethical business practices, innovation, customer satisfaction, and community development.
GTCO urges its customers, shareholders, and stakeholders to disregard the false allegations and rely only on official sources for news and updates about the company. The company’s official website and social media channels provide accurate and timely information about its activities and performance.
By setting the record straight, GTCO demonstrates its commitment to transparency and integrity, and assures its stakeholders that it will continue to operate with the highest standards of excellence.
