With a proven track record built on a tradition of professionalism, integrity, innovation and superior service delivery, Guaranty Trust Bank has since incorporation in 1990 remained in the premier league of banks in Africa.
Guaranty Trust Bank plc is a foremost African financial institution with vast business outlays spanning Anglophone, Francophone, West Africa and the United Kingdom.
The Bank presently has an Asset Base of over 2 Trillion Naira, shareholders’ funds of over 200 Billion Naira and employs over 10,000 people in Nigeria, Cote d’Ivoire, Gambia, Ghana, Kenya, Liberia, Rwanda, Sierra Leone, Uganda and the United Kingdom.
In September 1996, Guaranty Trust Bank plc became a publicly quoted company and won the Nigerian Stock Exchange President’s Merit award that same year and subsequently in the years 2000, 2003, 2005, 2006, 2007, 2008 and 2009.
In February 2002, the Bank was granted a universal banking license and later appointed a settlement bank by the Central Bank of Nigeria (CBN) in 2003.
Guaranty Trust Bank undertook its second share offering in 2004 and successfully raised over N11 Billion from Nigerian Investors to expand its operations and favourably compete with other global financial institutions.
This development ensured the Bank was satisfactorily poised to meet the N25 Billion minimum capital base for banks introduced by the Central Bank of Nigeria in 2005, as part of the regulating body’s efforts to sanitize and strengthen Nigerian banks.
In 2007, the Bank entered the history books as the first Nigerian financial Institution to undertake a US$350 million regulation S Eurobond issue and a US$750 million Global Depositary Receipts (GDR) Offer. The listing of the GDRs on the London Stock Exchange in July that year made the Bank the first Nigerian Company and African Bank to be listed on the main market of the London Stock Exchange.
In May 2011, the Bank successfully launched a US$500 million bond – the first non-sovereign benchmark bond offering from sub-Saharan Africa (outside South Africa), to the international community.
The highly successful offering which matures in 2016, went further to show the international finance community’s believe in the GTBank brand.
In 2013, the Bank issued a USD 400,000,000 Euro bond at a coupon rate of 6%; the least obtained by a Nigerian company in the international capital market. The Eurobond was issued under the USD 2,000,000 Global Medium Term Note Programme, which is registered under both Regulation in the United State of America and Rule 144A in the United Kingdom and sold to investors across Africa, America, Asia and Europe.
Over the years, the Bank has been a recipient of numerous international and national awards and commendations for exceptional service delivery, innovation, corporate governance, corporate social responsibility and management quality.
A few of these are: the 2013 & 2014 African Bank of the Year by African Banker Award, 2012 Best Bank in Nigeria by World Finance UK, Best Bank in Africa 2014 from Euromoney, 2009, 2010, 2011, 2012 and 2014 Best Bank in Nigeria Award by Euromoney, 2011 Best Bank in Nigeria and 2013 Most innovative Bank by EMEA Finance, 2011, 2013 Best Banking Group by World Business Leader Magazine, 2011 & 2012 Most Socially Responsible Bank in Nigeria by SERA, the 2010 & 2011 Best Bank in Nigeria award by the Banker Awards, Best CSR Rating from SIAO in 2008, 2009 & 2010; the 2010 Most Customer-Focused Bank (Retail & Corporate) and 2011 Most Customer-Focused Bank Award from KPMG.