Guaranty Trust Bank (Rwanda)
| Private | |
| Industry | Financial Services |
| Founded | 2004 |
| Headquarters | Kigali, Rwanda |
Key people |
Celestin Kayitare chairman Rao Balivada managing director[1] |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
 Pretax: US$386,300+ (RWF:260.4 million) (Q1:2015) |
| Total assets | US$114.8 million (RWF:77.4 billion) (Q1:2015) |
| Website | Homepage |
Guaranty Trust Bank (Rwanda), commonly referred to as GT Bank (Rwanda), is one of the licensed commercial banks in the Republic of Rwanda.
Overview
As of March 2015, GT Bank (Rwanda) had an estimated asset base of US$114.8 million (RWF:77.4 billion).[2]
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 acquired 70 percent shareholding in the Fina Bank Group for a cash payment of US$100 million.[3] In January 2014, the bank rebranded to reflect the new ownership structure.[4]
Ownership
As of January 2014, the shareholding in the stock of GT Bank (Rwanda) was as follows:
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Guaranty Trust Bank | 64.43 |
| 2 | Government of Rwanda | 7.96 |
| 3 | Others | 27.61 |
| Total | 100.00 | |
Branch network
As of June 2015, GT Bank (Rwanda) maintained branches at the following locations:[5]
- Main Branch - 20 Boulevard de la Révolution, Kigali
- Gisozi Branch - Gisozi
- Gitarama Branch - Gitarama, Southern Province
- Kabarondo Branch - Kabarondo
- Kayonza Branch - Kayonza
- Kibungo Branch - Kibungo, Eastern Province
- Kibuye Branch - Kibuye, Western Province
- Kicukiro Branch - Kicukiro
- Kigali City Market Branch - Kigali
- Kimironko Branch - Kigali
- Nyabugogo Branch - Nyabugogo, Kigali
- Nyirangarama Branch - Nyirangarama, Rulindo District, Northern Province
- Remera Branch - Remera, Kigali
- Rubavu Branch - Airport Road, Rubavu
- Rubavu Second Branch - Rubavu
- Ruhango Branch - Ruhango, Southern Province
- Ruhengeri Branch - Ruhengeri, Northern Province
- Rusizi Branch - Rusizi
Governance
The activities of GT Bank (Rwanda) are directed by an eight-person board of directors. The chairman of the board is Celestin Kayitare, one of the non-executive directors. The daily activities of the bank are supervised by a ten-person senior management team. The managing director is Rao Bavalida.[1]
See also
- List of banks in Rwanda
- Economy of Rwanda
- Guaranty Trust Bank (Uganda)
- Guaranty Trust Bank (Kenya)
- Fina Bank Group
References
- 1 2 Gasore, Ben (20 May 2014). "Rwanda: GT Bank Completes Takeover of Finabank's 70 Percent Stake". New Times (Rwanda). Retrieved 7 June 2015.
- ↑ Gasore, Ben (29 May 2015). "Rwanda: GT Bank Records RWF:260.4 Million Net Profit In Q1". The New Times (Rwanda). Retrieved 30 May 2015.
- ↑ Nation Correspondent, . (29 December 2013). "Regulator Approves Plan By Nigerian Bank To Buy 70 Percent Fina Stake". Daily Nation Mobile (Nairobi). Retrieved 7 June 2015.
- ↑ Kasambira, Timothy (29 January 2014). "FinaBank Rebrands To GT Bank". New Times (Rwanda). Retrieved 7 June 2015.
- ↑ GTBR, . (2015). "The Branch Network of Guaranty Trust Bank (Rwanda)". Guaranty Trust Bank (Rwanda) - (GTBR). Retrieved 7 June 2015.
External links
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