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Guaranty Trust Bank (Rwanda)

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Guaranty Trust Bank (Rwanda) plc
Company typeSubsidiary
IndustryFinancial services
HeadquartersKigali, Rwanda
Key people
Enata Dusenge
Chairperson
Ejizu N. Emmanuel
Managing Director[1]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncrease Pretax: US$6.402million (RWF:6.463billion) (Q4:2021)
Total assetsUS$ 131.309million (RWF:132.571billion) (Q4:2021)
ParentGuaranty Trust Holding Company PLC
Websitegtbank.co.rw

Guaranty Trust Bank (Rwanda) plc, commonly referred to as GTBank Rwanda, is one of the licensed commercial banks in the Republic of Rwanda. It has been part of Nigerian Guaranty Trust Bank since 2013.

As of December 2020, Guaranty Trust Bank (Rwanda) plc had an estimated asset base of US$ 131.309million (RWF:132.571billion).[2]

History

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The beginnings of the bank in Rwanda can be traced to 1983, when the BACAR bank was established. It became one of the first privately owned commercial banks in the country. Sometime before 2004, BACAR was taken over by the National Bank of Rwanda, the country's central bank, because of managerial issues. In 2004, Fina Bank, at that time, a Kenyan commercial bank, acquired BACAR. 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
GTBank Rwanda current Headquarters

Branch network

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As of December 2022, GTBank Rwanda maintained branches at the following locations:[5]

  1. Main Branch - KN 2 Ave, 1370, MIC Building Kigali
  2. Gisozi Branch - Gasabo, Kigali
  3. Muhanga Branch - Muhanga, Southern Province
  4. Kayonza Branch - Kayonza, Eastern Province
  5. Ngoma Branch - Ngoma, Eastern Province
  6. Karongi Branch - Karongi, Western Province
  7. Kicukiro Branch - Kicukiro, Kigali
  8. Kigali City Market Branch - Nyarugenge, Kigali
  9. Kimironko Branch - Gasabo Kigali
  10. Nyabugogo Branch - Nyarugenge, Kigali
  11. Remera Branch - Gasabo, Kigali
  12. Rubavu Branch - , Rubavu, Northern Province
  13. Musanze Branch - Musanze, Northern Province
  14. Rusizi Branch - Rusizi, Western Province

See also

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References

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  1. ^ "People". 10 June 2021. Retrieved 10 June 2021.
  2. ^ Gasore, Ben (29 May 2015). "Rwanda: GTBank Records RWF:260.4 Million Net Profit In Q1". The New Times (Rwanda). Retrieved 30 May 2015.
  3. ^ "Regulator Approves Plan By Nigerian Bank To Buy 70 Percent Fina Stake". Daily Nation Mobile (Nairobi). 29 December 2013. Archived from the original on 31 May 2015. Retrieved 7 June 2015.
  4. ^ Kasambira, Timothy (29 January 2014). "FinaBank Rebrands To GT Bank". New Times (Rwanda). Retrieved 7 June 2015.
  5. ^ "The Branch Network of Guaranty Trust Bank (Rwanda)". Guaranty Trust Bank (Rwanda). 2015. Archived from the original on 23 June 2015. Retrieved 7 June 2015.
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