La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

GTBank tops Nigerian bank for 10th time

 Guaranty Trust Bank Plc has long been regarded by industry observers as one of Africa's best-run financial institutions. This fame was reinforced by the fact that the famous economic and financial magazine Euromoney recently awarded it the title of best bank in Nigeria, for the tenth time between 2010 and 2020. The main African financial institution has also just received the award. Euromoney “Excellence in Leadership Africa” for its rapid reaction to the Covid-19 crisis and for taking into account the impact of the pandemic on its customers and communities.

GTBank tops Nigerian bank for 10th time

The Euromoney Award of Excellence is one of the most coveted awards in the global financial services industry. The magazine’s Excellence Awards recognize the best banks around the world by honoring institutions that have demonstrated leadership, innovation and dynamism in the markets in which they operate. GTBank was voted Nigeria's Best Bank by Euromoney for its ability to innovate in financial services, promote community development programs that help those most in need, and achieve the best performance in various key financial indices. The Euromoney awards also reflect the effectiveness of the bank’s long-term strategy and the dedication of a management team that rejects complacency, values ​​service excellence and keeps the business in a spirit of innovation.

Regarding the GTBank Excellence in Leadership Award, Euromoney said: “One of the first steps taken by the Guaranty Trust Bank of Nigeria at the start of the Covid-19 pandemic was to contact local authorities to determine what contribution the bank could make. Aware that the pandemic would put a strain on the public health system, the Bank joined forces with local authorities to set up a care center for people with Covid-19. GTBank has also granted SMEs a 90-day grace period [which has since been extended by 3 months] for repayment of all loans. It is also developing other resources to help SMEs better understand and manage the impact of the pandemic. "

Commenting on the Bank's Euromoney Awards, GTBank Managing Director Segun Agbaje said: “We are very honored to receive the Africa Leadership Excellence Award and infinitely proud to be named Nigeria's Best Bank for a tenth time, which is a real record. These prices reflect what we are all doing at GTBank: having a positive impact on society and generating added value in everyone's daily life. They also demonstrate our commitment to always be there for our customers and our communities, as a beacon of hope, an engine of progress and a platform of prosperity. "

He added, “As we continue to deal with the fallout from this pandemic, the imperative of our time as an organization remains to safeguard our lives and livelihoods. This means that we will continue to be on the front line protecting our employees, serving our customers wherever they are, helping businesses navigate this time of uncertainty and supporting public authorities in the health fight. "

GTBank is a model in the financial services industry because of its commitment to the highest standards of corporate governance, excellent service quality and innovation. Recognized for its forward-thinking approach to financial services and its privileged customer relationships, the bank was recently ranked as Africa's most admired financial brand at the 10th anniversary of Africa 100: Africa's Best Brands, the study and ranking of the 100 most popular brands on the continent.