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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] It also paid interest on ...
In banking, a minimum daily balance is the minimum balance that a banking institution requires account holders to have in their accounts each day in order to waive maintenance fees. [1] This is not to be confused with the average daily balance, which is computed as the sum of daily balances in a billing period divided by the number of days.
Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer (depositor) relationship is one of debtor-creditor. Some banks charge fees for transactions on a customer's account.
Choose the option that allows you to pay using your checking account or bank account number. It might be labeled as “Check,” “Add a Bank Account” or “ACH Payment.” 4. Enter Your ...
It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. [1] The bank provides banking services with focus on Corporate Banking, SME Banking, Personal Banking, Private Banking and Treasury Services. As of December 2022, the bank's total assets were KES 54.23 billion and profitability was KES 753.29 million. [2]
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In 2008, Fina Bank opened banking operations in Uganda as well, forming the Fina Bank Group. In 2013, Guaranty Trust Bank (Kenya) ltd acquired 70 percent shareholding in the Fina Bank Group for a cash payment of US$100 million. [3] In January 2014, the bank rebranded to reflect the new ownership structure. [4] GTBank Rwanda current Headquarters