Type Private Website Homepage Founded 2008 | Total assets 30.63 million USD (2015) | |
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Key people Ramesh BabuChairmanOlufemi Martins OmotosoManaging Director Products Loans, savings, checking, investments, debit cards, credit cards Profiles | ||
Guaranty Trust Bank (Uganda), commonly referred to as GT Bank (Uganda), is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the central bank of that country and the national banking regulator.
Contents
Overview
GT Bank (Uganda) is a retail financial services institution that provides commercial banking services to individuals and small to medium-sized corporate clients. As of December 2011, the asset valuation of the bank was estimated to be US$30.63 million (USh104.9 billion), with shareholders' equity of US$11 million (USh39.7 billion) GT Bank (Uganda) is a subsidiary of Guaranty Trust Bank (GTB), a Nigerian financial services conglomerate with assets in excess of NGN:2,525 billion as of 31 December 2015.
History
GT Bank (Uganda) was founded in 2008 as Fina Bank (Uganda), a subsidiary of the Fina Bank Group based in Kenya. In 2013, the Group sold 70 percent shareholding to GTB for a cash consideration of US$100 million. In January 2014, the bank rebranded to its current name to reflect its current shareholding.
Ownership
As of January 2014, the shareholding in Guaranty Trust Bank (Uganda) is depicted in the table below:
Governance
GT Bank (Uganda) is governed by a nine-person Board of Directors. Ramesh Babu, one of the non-Executive Directors is the Chairman of the Board. Olufemi Martins Omotoso serves as the Managing Director. He is assisted by six other managers in supervising the bank's daily activities.
Branch Network
As of November 2016, GT Bank Uganda has a network of branches at the following locations: (1) Main Branch: 56 Kira Road, Kamwookya, Kampala (2) Buganda Road Branch: 7 Buganda Road, Kampala (3) Nakivubo Road Branch: 34-38 Nakivubo Road, Kampala (4) Ovino Market Branch: 22 Kisenyi Road, Kampala (5) Industrial Area Branch: 13 Mulwana Road, Kampala (6) Mbarara Branch: 52-54 High Street, Mbarara (7) Kyaliwajjala Branch: 31 Namugongo Road, Kyaliwajjala, Kira Municipality (8) Colville Street Branch: 5-6 Colville Street, Kampala (9) Makerere Branch: Makerere.