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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 which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
s in the Republic of Rwanda
Rwanda (; rw, u Rwanda ), officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of Central Africa, where the African Great Lakes region and Southeast Africa converge. Located a few degrees south of the Equator ...
. 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, Lagos ...
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 ( rw, Banki Nkuru Y'u Rwanda, french: Banque Nationale du Rwanda) is the central bank of Rwanda. The bank was founded in 1964. The current governor of the bank is John Rwangombwa.
Location
It is quartered at the N ...
, the country's central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
, because of managerial issues. In 2004, Fina Bank, at that time, a Kenyan
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commercial bank, acquired BACAR. In 2008, Fina Bank opened banking operations in Uganda
}), is a landlocked country in East Africa
East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...
as well, forming the Fina Bank Group
Fina Bank Group, was a financial services organization in East Africa located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda and Uganda. It was acquired by Guaranty Trust Bank in 2013 and renamed soon after.
Before its takeover, Fina Bank ...
.
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 has been Rwa ...
# Gisozi Branch - Gasabo
Gasabo is a Districts of Rwanda, district, (''akarere'') in Kigali, Kigali city, the capital of Rwanda. The headquarter of Gasabo is located in Remera Sector. The district also includes large areas of the city itself, including Kacyiru, Kimironko, ...
, 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 has been Rwa ...
# Muhanga Branch - Muhanga
Muhanga (former Gitarama, renamed in 2006) is a city in Rwanda, in the Muhanga District, in Southern Province. The city is above sea level.
Though officially part of the Southern Province, Muhanga is geographically in central Rwanda, approxim ...
, 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
Karongi is a district (''akarere'') in Western Province, Rwanda. The capital being Rubengera, the district also contains Kibuye, the provincial capital and a major Rwandan lakeside resort. It is one of the districts with the least population den ...
, 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, 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 has been Rwa ...
# 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:-1 ...
, 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 has been Rwa ...
# Kimironko Branch - Gasabo
Gasabo is a Districts of Rwanda, district, (''akarere'') in Kigali, Kigali city, the capital of Rwanda. The headquarter of Gasabo is located in Remera Sector. The district also includes large areas of the city itself, including Kacyiru, Kimironko, ...
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 has been Rwa ...
# 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:-1 ...
, 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 has been Rwa ...
# Remera Branch - Gasabo
Gasabo is a Districts of Rwanda, district, (''akarere'') in Kigali, Kigali city, the capital of Rwanda. The headquarter of Gasabo is located in Remera Sector. The district also includes large areas of the city itself, including Kacyiru, Kimironko, ...
, 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 has been Rwa ...
# Rubavu Branch - , Rubavu
Rubavu District is one of the seven districts of the country district (''akarere'') in Western Province, Rwanda. Its capital is Gisenyi, It has a large beach resort and border city. It has a total surface area of 388.3 Km2.
Geography
The distri ...
, Northern Province
# Musanze Branch - Musanze
Musanze is a district in the Northern Province of Rwanda. Its capital city is Ruhengeri.
Geography and tourism
Musanze is Rwanda's most mountainous district, containing the largest part of the Volcanoes National Park, and its head office at Ki ...
, 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
; Commercial banks
# Guaranty Trust Bank (Rwanda) plc - commonly referred to as GTBank Rwanda
#Bank of Kigali
# I&M Bank (Rwanda) - Formerly Commercial Bank of Rwanda (BCR)
# Compagnie Générale de Banque (Co ...
* 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 ...
* Guaranty Trust Bank (Uganda)
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.
GT Bank (Ug ...
* Guaranty Trust Bank (Kenya)
Guaranty Trust Bank (Kenya) Ltd, commonly referred to as GTBank Kenya, is a commercial bank in Kenya and a subsidiary of the Nigerian Guaranty Trust Bank Plc. It is licensed by the Central Bank of Kenya, the central bank and national banking reg ...
* Fina Bank Group
Fina Bank Group, was a financial services organization in East Africa located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda and Uganda. It was acquired by Guaranty Trust Bank in 2013 and renamed soon after.
Before its takeover, Fina Bank ...
References
{{Economy of Rwanda Banks of Rwanda Banks established in 2004 2004 establishments in Rwanda Organisations based in Kigali Economy of Kigali