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GTB VI

Sector: Oil and Gas • Location: Nigeria

Source: International Finance Corporation (IFC)

Project
Completed

Guaranty Trust Bank Plc (“GTBank” or the “Bank”) was incorporated and licensed to operate a commercial bank in 1990. In 1996, the Bank became a public company and was listed on the Nigerian Stock Exchange (“NSE”). In 2001, GTBank was issued a universal banking license from the CBN, allowing it to offer a broad array of financial services, including insurance, asset management, company registration

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The project “GTB VI” is an infrastructure initiative in the Oil and Gas sector, located in Nigeria. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Description

Description

Guaranty Trust Bank Plc (“GTBank” or the “Bank”) was incorporated and licensed to operate a commercial bank in 1990. In 1996, the Bank became a public company and was listed on the Nigerian Stock Exchange (“NSE”). In 2001, GTBank was issued a universal banking license from the CBN, allowing it to offer a broad array of financial services, including insurance, asset management, company registration, and mortgage activities. The Bank issued a Global Depositary Receipt (“GDR”) and was listed on the London Stock Exchange (“LSE”) in 2007. In 2011, the Bank divested from its insurance, asset management, and company registrar subsidiaries in line with Central Bank of Nigeria directives mandating banks to divest its holding of non-banking subsidiaries. In 2012, GTBank completed the divestment process of its non-banking subsidiaries by exiting from GT Homes, a primary mortgage institution. Today, GT Bank is a leading full service commercial bank in Nigeria with a network of 227 branches, 49 e-branches, and 1,097 ATMs across Nigeria and offering a wide range of banking and financial services. The Bank has 9 overseas subsidiaries and a presence in 8 African countries.IFC will offer GTBank a senior loan of up to US$250 million whose purpose will be to support the Bank’s medium to long term funding requirements.

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Source reliability

High

Data quality score

100%

Source

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URL

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