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Guaranty Trust Bank (Rwanda) plc, commonly referred to as GTBank Rwanda, is one of the licensed
commercial bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
It can also refer to a bank or a division of a larger bank that deals with whol ...
s in the Republic of Rwanda
A republic, based on the Latin phrase ''res publica'' ('public affair' or 'people's affair'), is a state in which political power rests with the public (people), typically through their representatives—in contrast to a monarchy. Although a ...
. It has been part of Nigerian Guaranty Trust Bank
Guaranty Trust Holding Company PLC also known as GTCO PLC is a multinational financial services group, that offers retail and investment banking, pension management, asset management and payments services, headquartered in Victoria Island, Lago ...
since 2013.
, Guaranty Trust Bank (Rwanda) plc had an estimated asset base of US$ 131.309million (RWF:132.571billion).
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 theNational Bank of Rwanda
The National Bank of Rwanda (, ) is the central bank of Rwanda. The bank was founded in 1964. The current governor of the bank is Soraya Munyana Hakuziyaremye.
Location
It is quartered at the National Bank of Rwanda Building, on KN6 Avenue in ...
, the country's central bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...
, because of managerial issues. In 2004, Fina Bank, at that time, a Kenyan
The Demographics of Kenya is monitored by the Kenyan National Bureau of Statistics. Kenya is a multi-ethnic state in East Africa. Its total population was at 47,558,296 as of the 2019 census.
A national census was conducted in 1999, although t ...
commercial bank, acquired BACAR. In 2008, Fina Bank opened banking operations in Uganda
Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...
as well, forming the Fina Bank Group.
In 2013, Guaranty Trust Bank (Kenya) ltd acquired 70 percent shareholding in the Fina Bank Group for a cash payment of US$100 million. In January 2014, the bank rebranded to reflect the new ownership structure.
Branch network
As of December 2022, GTBank Rwanda maintained branches at the following locations: # Main Branch - KN 2 Ave, 1370, MIC BuildingKigali
Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali is a relativ ...
# Gisozi Branch - Gasabo
Gasabo is a Districts of Rwanda, district (''akarere'') of Kigali, the capital of Rwanda. The headquarters of Gasabo are located in the Remera Sector. The district includes neighborhoods such as: Kacyiru, Kimironko, Remera, Nyarutarama and Kimihur ...
, Kigali
Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali is a relativ ...
# Muhanga Branch - Muhanga
Muhanga (former Gitarama, renamed in 2006) is a List of cities in Rwanda, city in Rwanda, in the Muhanga District, in Southern Province, Rwanda, Southern Province. The city is situated above sea level.
Though officially part of the Southern Pr ...
, Southern Province
# Kayonza Branch - Kayonza
Kayonza is a small town in Kayonza district, Eastern Province, Rwanda.
The town is centred on a roundabout, where the road east from Kigali splits into the road running north to the Ugandan border, and the road south to Tanzania. It is a major ...
, Eastern Province
# Ngoma Branch - Ngoma, Eastern Province
# Karongi Branch - Karongi, Western Province
Western Province or West Province may refer to:
*Western Province, Cameroon
*Western Province, Rwanda
*Western Province (Kenya)
*Western Province (Papua New Guinea)
*Western Province (Solomon Islands)
*Western Province, Sri Lanka
*Western Provinc ...
# Kicukiro Branch - Kicukiro
Kicukiro District is one of the three Districts which constitute the City of Kigali and is situated in the South-East of the City of Kigali. Is a district (''akarere'') located in Kigali Province, Rwanda. Kicukiro is home to a thriving market, a ...
, Kigali
Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali is a relativ ...
# Kigali City Market Branch - Nyarugenge
Nyarugenge is a sector (''umurenge'') located in Nyarugenge District, Kigali Province, Rwanda.
Location
It is located in the southwest part of the city of Kigali. The coordinates of Nyarugenge Sector are:1°58'02.0"S, 30°03'20.0"E (Latitude: ...
, Kigali
Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali is a relativ ...
# Kimironko Branch - Gasabo
Gasabo is a Districts of Rwanda, district (''akarere'') of Kigali, the capital of Rwanda. The headquarters of Gasabo are located in the Remera Sector. The district includes neighborhoods such as: Kacyiru, Kimironko, Remera, Nyarutarama and Kimihur ...
Kigali
Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali is a relativ ...
# Nyabugogo Branch - Nyarugenge
Nyarugenge is a sector (''umurenge'') located in Nyarugenge District, Kigali Province, Rwanda.
Location
It is located in the southwest part of the city of Kigali. The coordinates of Nyarugenge Sector are:1°58'02.0"S, 30°03'20.0"E (Latitude: ...
, Kigali
Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali is a relativ ...
# Remera Branch - Gasabo
Gasabo is a Districts of Rwanda, district (''akarere'') of Kigali, the capital of Rwanda. The headquarters of Gasabo are located in the Remera Sector. The district includes neighborhoods such as: Kacyiru, Kimironko, Remera, Nyarutarama and Kimihur ...
, Kigali
Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali is a relativ ...
# Rubavu Branch - , Rubavu
Rubavu District is one of the seven districts (''akarere'') in Western Province, Rwanda, with a total surface area of 388.4 km2. Its capital is Gisenyi, a large beach resort and border city. The Rubavu Urban area, which includes Gisenyi, Rug ...
, Northern Province
# Musanze Branch - Musanze
Musanze is a sector, located in the district of the same name, in Northern Province, Rwanda
Rwanda, officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of East Africa, where the African Great Lakes region ...
, Northern Province
# Rusizi Branch - Rusizi, Western Province
Western Province or West Province may refer to:
*Western Province, Cameroon
*Western Province, Rwanda
*Western Province (Kenya)
*Western Province (Papua New Guinea)
*Western Province (Solomon Islands)
*Western Province, Sri Lanka
*Western Provinc ...
See also
*List of banks in Rwanda
This is a list of banks in Rwanda, as updated by late 2024 by the National Bank of Rwanda.
List of commercial banks
* I&M Bank Rwanda Limited, part of I&M Bank Group
* Bank of Kigali, Bank of Kigali Plc
* BPR Bank Rwanda, BPR Bank Rwanda Plc, par ...
* Economy of Rwanda
The economy of Rwanda has undergone rapid industrialisation due to a successful governmental policy. It has a mixed economy. Since the early-2000s, Rwanda has witnessed an economic boom, which improved the living standards of many Rwandans. The P ...
* Guaranty Trust Bank (Uganda)
Guaranty Trust Bank (Uganda), commonly referred to as GT Bank Uganda, is a Tier II credit services company in Uganda. It was previously licensed as commercial bank by Bank of Uganda, the central bank and the national banking regulator of that c ...
* Guaranty Trust Bank (Kenya)
* Fina Bank Group
References
{{Economy of Rwanda Banks of Rwanda Banks established in 2004 2004 establishments in Rwanda Organisations based in Kigali Economy of Kigali