Guaranty Trust Bank
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|
| Public limited company | |
| ISIN | US40124Q2084 |
| Industry | Finance |
| Founded | 17 January 1990 |
| Headquarters | 635 Akin Adesola Street, Victoria Island, Lagos, Lagos State, Nigeria |
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Area served
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Cote d'Ivoire, Kenya, Liberia, Gambia, Ghana, Nigeria, Rwanda, Sierra Leone, Uganda, United Kingdom |
|
Key people
|
Segun Agbaje, (CEO) |
| Products |
Retail banking Commercial banking Corporate banking |
| Services | Banking |
| Revenue |
 ₦ 278.5 billion (2014)
|
|
₦ 210.8 billion (2014)
|
|
|
₦ 98.7 billion (2014)
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|
| Total assets |
₦ 2.3559 Trillion (2014)
|
| Total equity |
₦ 374.3 billion (2014)
|
|
Number of employees
|
10,000+ (2014) |
| Website | [3] |
Guaranty Trust Bank plc also known as GTBank or simply GTB is a Nigerian multinational financial institution, that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking and Asset Management services, with its head office in Victoria Island, Lagos.
Guaranty Trust Bank plc was incorporated as a limited liability company licensed to provide commercial and other banking services to the Nigerian public in 1990 and commenced operations in February 1991.
In September 1996, Guaranty Trust Bank plc became a publicly quoted company and won the Nigerian Stock Exchange President’s Merit award. In February 2002, the Bank was granted a universal banking license and later appointed a settlement bank by the Central Bank of Nigeria (CBN) in 2003.
Guaranty Trust Bank undertook its second share offering in 2004 and raised over N11 billion from Nigerian Investors to expand its operations.
On 26 July 2007 GTBank became the very first subsaharan bank and first Nigerian to be listed on and Deutsche Börse. The IPO raised US$750,000,000.
In the same year, they successfully placed Nigeria's first private Eurobond issue on the international capital markets.
The GTBank USD 500,000,000 Eurobond was the first ever Benchmark Eurobond issue by a Nigerian corporate and the second Eurobond programme by GTBank in the last 5 years.
The long-term debts of Guaranty Trust Bank plc are rated BB- by Standard & Poor's and AA- by Fitch Ratings, which are the highest ratings for a Nigerian bank.
They introduced online banking and SMS banking in Nigeria and a naira denominated MasterCard as well as the Platinum and World Signia cards and with GTB-on-wheels, mobile branches.
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Wikipedia