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RBI examined GTB's accounts for 2001-2 and found that GTB's net worth had turned negative, but did not close the bank. [1] GTB did not address its problems. Instead, and despite its dire straits, GTB continued to grow. It had 87 branches in 2002–2003, and grew to 103 branches before the RBI forced it to close. [2]
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Guaranty Trust Bank (Kenya) Ltd, commonly referred to as GTBank Kenya, is a commercial bank in Kenya and a subsidiary of the Nigerian Guaranty Trust Bank Plc. It is licensed by the Central Bank of Kenya , the central bank and national banking regulator.
The GTBank US$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. [11] 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. [12] [13]
The Texas Department of Banking issued a charter to Guaranty State Bank on January 20, 1913. [11] [14] The bank's name changed to Guaranty Bond State Bank in 1927.[11]In 1979, the bank added trust powers.The following year, [11] Guaranty created Guaranty Bancshares Inc., its holding company. [11]
GTB may refer to: Grand Traverse Band of Ottawa and Chippewa Indians; A music group from East Africa founded by gtbemzee and Mightytrevon [Glad To Be] Gran Turismo Berlinetta, Ferrari car models; Global Trust Bank (India) Goolpur Talbani railway station (Pakistan) Textile and Clothing Union (Gewerkschaft Textil-Bekleidung), a former German ...