Guaranty Trust Bank plc is a foremost Nigerian financial institution with vast business interests
spanning West Africa, East Africa and the United Kingdom. The Bank as at 30th June, 2015 had in its Asset Base of over ₦2.54 trillion, Shareholders’ funds of ₦385.0 billion and employs over 10,000 staff in Nigeria, Gambia, Ghana, Liberia, Sierra Leone, Cote d’Ivoire, Uganda, Rwanda, Kenya and the United Kingdom.
GTBank currently has a customer base of circa 6.8million, with over 217 branches, 17 cash centres, 18 e-branches, 23 GTExpress locations and 1141 Automated Teller Machines in Nigeria, GTBank has evolved over the past 25 years to become one of Africa’s leading banks.
In September 1996, Guaranty Trust Bank plc became a publicly quoted company and won the
Nigerian Stock Exchange President’s Merit award that same year and subsequently in the years
2000, 2003, 2005, 2006, 2007, 2008 and 2009. 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.
GTBank as it is popularly called undertook its second share offering in 2004 and successfully raised over N11 Billion from Nigerian Investors to expand its operations and favourably compete with other global financial institutions. This development ensured the Bank was satisfactorily poised to meet the N25 Billion minimum capital base for banks introduced by the Central Bank of Nigeria in 2005.
In 2007, the Bank entered the history books as the first Nigerian financial Institution to undertake a US$350 million regulation S Eurobond issue and a US$750 million Global Depositary Receipts (GDR) Offer. The listing of the GDRs on the London Stock Exchange in July that year made the Bank the first Nigerian Company and African Bank to be listed on the main market of the London Stock Exchange.
In May 2011, the Bank successfully launched a US$500 million bond – the first non-sovereign
benchmark bond offering from sub-Saharan Africa (outside South Africa), to the international
community. The highly successful offering which matures in 2016.
In 2013, the Bank issued a USD 400,000,000 Euro bond at a coupon rate of 6%; the least obtained by a Nigerian company in the international capital market. The Eurobond was issued under the USD 2,000,000 Global Medium Term Note Programme, which is registered under both Regulation in the United State of America and Rule 144A in the United Kingdom and sold to investors across Africa, America, Asia and Europe.
CORPORATE PROFILE
Over the years, the Bank has been a recipient of numerous international and national awards and commendations for exceptional service delivery, innovation, corporate governance, corporate social responsibility and management quality.
A few of these are: the 2015, 2014, 2012, 2011, 2010 and 2009
Bank of the Year by leading international investment and communications group, Africa Investor (Ai)
Best Bank in Nigeria from
Euromoney and 2014 Best Bank in Africa from Euromoney, the 2014 & 2013 African Bank of the
Year award from African Banker, 2014 Best Commercial Bank of Nigeria and Best Corporate Bank in Nigeria from International Finance Magazine, 2014 Product Leadership Award from Frost and Sullivan, 2014 EFInA award for Financial Inclusion, 2015 Best Corporate Governance – Financial Services – Africa from Ethical Boardroom Corporate Governance Award, 2015, 2014 and 2012 Best Mobile Money Operator of the Year (Beacon of ICT Awards) from Nigeria Communications Week, 2012 Best Bank in Nigeria from World Finance UK, 2014 Best Company in Wealth and Income Generation from Social Enterprise Reports and Awards (SERA ), 2011 Best Bank in Nigeria and 2013 Most innovative Bank by EMEA Finance, 2011, 2013 Best Banking Group by World Business Leader Magazine, 2011 & 2012 Most Socially Responsible Bank in Nigeria by SERA, the 2010 & 2011 Best Bank in Nigeria award by the Banker Awards, Best CSR Rating from SIAO in 2008, 2009 & 2010; the 2010 Most Customer- Focused Bank (Retail & Corporate) and 2011 Most Customer-Focused Bank Award from KPMG.
GTBank is the first bank to be awarded a triple International Organization for Standardization
certification: ISO/IEC 27001- for Information Security, ISO 20000 – for IT Service Management and ISO 22301 – for Business Continuity Management along with PAS 99:2012 Integrated Management System certification by the British Standard Institute (BSI).
GTBank has the best category Risk rating assigned to any Nigerian Bank by both local and
international rating agencies (BB- by Standard & Poor’s and B+ by Fitch Rating). It was the first Nigerian Bank to be awarded an ISO 9001: 2000 certification by the International Standards Organization and the first to adopt the IFRS reporting format.
