GTBank Board Meets January 25 to Stamp Audited Accounts

By Modupe Gbadeyanka

Foremost financial institution in Nigeria, Guaranty Trust Bank (GTBank) will hold its Board of Directors meeting on Wednesday, January 25, 2017, to consider and approve its audited financial statements for the year ended December 31, 2016.

In a statement posted on the website of the Nigerian Stock Exchange (NSE) on Friday, GTBank explained that this development was in pursuant to the post-listing requirements of the NSE for quoted companies.

“Issues relating to full year dividend may also be discussed at the meeting,” GTBank said in a letter signed by its Head of Legal Group, Erhi Obebeduo.

“Kindly note that we are required to forward the Audited Accounts to the Central Bank of Nigeria (CBN) for approval, prior to the release of the results on the floor of the NSE.

“We shall notify you of the decisions reached after the approval of the CBN is obtained,” the financial institution said.

In a related development, GTBank announced “the scheduled commencement of the closed period for trading in GTBank’s shares on January 6, 2017, in respect of the audited statement for the year ended December 31, 2016.”

It also promised to notify the stock exchange of the decisions reached after the approval of the CBN is obtained.