Guaranty Trust Bank (Rwanda) commonly referred to as GT Bank is one of the licensed commercial banks in the Republic of Rwanda. It has been part of Nigerian Guaranty Trust Bank since 2013. Guaranty Trust Bank (Rwanda) Ltd Headquarters are in Kigali City.
As of December 2015, Guaranty Trust Bank (Rwanda) had an estimated asset base of US$102.0 million (RWF: 76.24 billion).
History
The set-ups of the bank in Rwanda can be traced back 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 and by 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. In January 2014, the bank rebranded to reflect the new ownership structure.
As of June 2016, GT Bank maintained branches at the following locations:
Main Branch – 20 Boulevard de la Révolution, Kigali
Gisozi Branch – Gasabo, Kigali
Muhanga Branch – Muhanga, Southern Province
Kayonza Branch – Kayonza, Eastern Province
Ngoma Branch – Ngoma, Eastern Province
Karongi Branch – Karongi, Western Province
Kicukiro Branch – Kicukiro, Kigali
Kigali City Market Branch – Nyarugenge, Kigali
Kimironko Branch – Gasabo Kigali
Nyabugogo Branch – Nyarugenge, Kigali
Remera Branch – Gasabo, Kigali
Rubavu Branch – , Rubavu, Northern Province
Musanze Branch – Musanze, Northern Province
Rusizi Branch – Rusizi, Western Province