Guaranty Trust Bank - Gtbank
Guaranty Trust Bank plc (also known as GTBank or GTB) is situated in Victoria Island, Lagos. It is one of the largest corporations in Western Africa. It pioneered electronic and internet banking in Nigeria.
It should be mentioned that Guaranty Trust Bank plc was established as a limited liability company engaged in commercial and banking services for the Nigerian population in 1990 and eventually started its activities in February 1991. In September 1996, Guaranty Trust Bank began to be recognised by the public and successfully received the Nigerian Stock Exchange President’s Merit award. In addition, in February 2002, it became possible for the Bank to get a standard banking resolution and with the help of that resolution, it turned into the bank of settlements by the Central Bank of Nigeria (CBN) in 2003.
Furthermore, Guaranty Trust Bank put its second batch of shares and offer to Nigerian investors to expand its activities. Respectively, on July 26, 20007, the Bank was registered on the London and German Stock Exchange. During that year, the Bank first issued Nigeria's private Eurobonds, and the operation was a great success.
In 2010, GTBank took third place in the list of major banks, including Zenith Bank and First Bank. Moreover, the staff of the Bank is quite enormous and consists of 5000 workers.
