History of GT Bank

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History of GT Bank ( Guaranty Trust Bank)

Guaranty Trust Bank plc was established in 1990 as a licensed limited liability company to provide commercial and other banking services to Nigerian citizens. The bank began operations in February 1991 and has since grown to become one of Nigeria’s most respected and service-oriented banks.


In September 1996, Guaranty Trust Bank plc became a public company and received the Nigerian Stock Exchange President’s Lifetime Achievement Award in 2000, 2003, 2005, 2006, 2007, 2008 and 2009. In February 2002, the bank obtained a Universal Banking License and was subsequently designated a Clearing Bank by the Central Bank of Nigeria (CBN) in 2003.


Guaranty Trust Bank made his second public offering in 2004, raising more than his £11 billion from Nigerian investors to expand its business and compete with other global financial institutions. Succeeded. With this development, the Bank is well positioned to meet the N25 billion minimum banking capital base introduced by the Central Bank of Nigeria in 2005 as part of the regulator’s efforts to restore and strengthen Nigeria’s banks. was guaranteed.


After the merger, Guaranty Trust Bank plc made a strategic decision to actively pursue retail banking. A major rebranding took place in June 2005, resulting in the bank emerging with enhanced service offerings, an aggressive expansion strategy and a bright orange identity.


In 2007, the bank made history as the first Nigerian financial institution to complete a USD 350 million Regulation S Eurobond issuance and his USD 750 million Global Depositary Receipt (GDR) issuance. left. The listing of his GDR on the London Stock Exchange in July this year made the bank the first Nigerian company and African bank to list on the London Stock Exchange’s main market. In December 2009, Guaranty Trust Bank plc successfully completed the sale of £13.165 billion of Fixed Rate Unsecured Non-Convertible Debentures (Series I) due 2014.

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In May 2011, the World Bank successfully issued his US$500 million bond. This is the first benchmark non-sovereign bond issue offered to the international community from sub-Saharan Africa (other than South Africa). The highly successful offering, which expires in 2016, further demonstrated the international financial community’s confidence in the GTBank brand.


In 2013, the bank issued his €400 million bond with a 6% coupon. It is the lowest amount a Nigerian company receives on the international capital markets. Eurobonds will be issued under the US$2,000,000 Global Medium Term Note Program, registered under both US regulations and UK Rule 144A, and sold to investors in Africa, America, Asia and Europe.

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