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On 12 March 2008, GTBank was given a banking licence for the United Kingdom by the Financial Services Authority. [14] Guaranty Trust Bank Limited is a partner of Eko Atlantic City, a newly made island (820 ha.) in the Atlantic ocean, adjacent to Victoria Island, Lagos. It will be the home of the new Financial District.
GTB was involved in the stock market scam of 2001, that the stockbroker Ketan Parekh ran. GTB lent heavily to individuals speculating in the stock market; when the market crashed the bank suffered extensive losses. One consequence was that merger talks with UTI Bank fell through. The Reserve Bank of India (RBI) forced Gelli to resign. Gelli's ...
Between 2005 and 2008, Fina Bank Kenya established subsidiaries in Rwanda and Uganda, forming the Fina Bank Group. In 2013 Guaranty Trust Bank of Nigeria, acquired 70% shareholding in Fina Bank Group for a cash consideration of US$100 million. [3] In January 2014, Fina Bank Kenya and her subsidiaries rebranded to reflect the change in ownership.
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Access Bank plc, part of Access Bank Group; Citibank Nigeria Ltd, part of Citigroup; Ecobank Nigeria Plc, part of Ecobank Group; Fidelity Bank Plc; First Bank Nigeria Ltd, part of First Bank of Nigeria Group; First City Monument Bank Plc; Globus Bank Ltd; Guaranty Trust Bank Plc, part of GTCO Group; Keystone Bank Ltd; Nova Commercial Bank Ltd ...
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Guaranty Trust Bank (Uganda), commonly referred to as GT Bank Uganda, is a Tier II credit services company in Uganda. It was previously licensed as commercial bank by Bank of Uganda , the central bank and the national banking regulator of that country. [ 2 ]