Guaranty Trust Bank (Rwanda)


Guaranty Trust Bank 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.
, Guaranty Trust Bank had an estimated asset base of US$ 99.11 million.

History

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 ltd acquired 70 percent shareholding in the Fina Bank Group for a cash payment of US$100 million. In January 2014, the bank rebranded to reflect the new ownership structure.

Ownership

, the shareholding in the stock of GTBank was as follows:
RankName of OwnerPercentage Ownership
1Guaranty Trust Bank Ltd96.28
2Government of Rwanda3.72
Total100.00

Branch network{{Cite web|url=http://gtbank.co.rw/home/contact-us/branch-locator/|title=Branch Locator GTBank Rwanda|website=gtbank.co.rw|access-date=2016-06-29}}

As of September 2018, GTBank maintained branches at the following locations:
  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