Guaranty Trust Bank

Guaranty Trust Bank
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Last updated: April, 2021

About Guaranty Bank

Guaranty Trust Bank was founded in 1988 by a team of 35 thirty-something Nigerians. Based on Victoria Island, Lagos, the company received its Nigerian banking licence in 1990.

Guaranty Trust is a key partner of Eko Atlantic, a man-made island adjacent to Victoria Island and the home of Nigeria’s new financial district. The island has been in development since 2009 and opened its first residential tower in 2016.

In the summer of 2007, Guaranty Trust became the first sub-Saharan bank to be listed on both the London Stock Exchange and the Deutsche Borse.

Guaranty Trust operates using eight core principles: professionalism, service, simplicity, excellence, friendliness, social responsibility, innovation and trustworthiness. Guaranty Trust calls these rules the ‘Orange Rules’ and they give the bank its unique orange branding.

Guaranty Trust acquired Fina Bank in 2013, marking its first expansion into East Africa. Alongside well over 200 branches across Nigeria, Guaranty Bank also operates in Sierra Leone, Kenya, Uganda, Cote d’Ivoire, Ghana, Gambia, Liberia, Rwanda and the United Kingdom.

Guaranty Trust received its UK banking licence in 2008.

Guaranty Bank Products and Services

Guaranty Trust Bank provides financial services to both personal and business customers.

Personal banking customers can choose from a range of current and savings accounts. As well as a standard current account, customers can also opt for an e-banking account or even a domiciliary account, which allows transactions to me made in foreign currencies. Guaranty Trust also has a free Senior account and the high-interest GT Max account.

Guaranty Trust also has a wide range of savings accounts, including a children’s account, fixed and tenured deposit accounts and an account that lets customers set specific savings targets.

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    Domiciliary, GT Max and standard current accounts are also available for business banking clients. The standard Guaranty Trust business current account is aimed at SMEs turning over somewhere in the region of 50million naira monthly.

    Loans and advances are also available to business customers; including overdrafts, revolving credit and invoice discount facilities.

    Guaranty also offers Non-Resident Nigerian services, providing Nigerians not currently living there with investments, savings accounts and current accounts.

    Guaranty Trust Bank Awards

    In 2011, to mark Guaranty Trust’s 20th anniversary, a set of postage stamps was issued in its honour by the Nigerian postal service. This was the first time a corporation had been celebrated in this way.

    Guaranty Trust has received several awards, being named Best Banking Group by World Finance Magazine in 2016 and Most Innovative African Bank by African Banker Magazine.

    Guaranty Trust Bank Security

    Guaranty Trust has extensive security information available on their website.

    Guaranty Trust Bank Contact Details

    60-62 Margaret Street
    W1W 8TF

    Telephone: 0207 947 9700

    Email[email protected]

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