To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

How to transfigure the Wikipedia

Would you like Wikipedia to always look as professional and up-to-date? We have created a browser extension. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology.

Try it — you can delete it anytime.

Install in 5 seconds
4,5
Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.
Great Wikipedia has got greater.
.
Leo
Newton
Brights
Milds

Guaranty Trust Bank (Uganda)

From Wikipedia, the free encyclopedia

Guaranty Trust Bank (Uganda)
Company typeSubsidiary of Guaranty Trust Holding Company
IndustryFinancial services
Founded2008 (2008)
HeadquartersPlot 56 Kira Road, Kampala, Uganda
Key people
Jaqueline Busingye
Chairperson[1]
Oluwole Shodiyan
MD/CEO[1]
ProductsLoans, savings, investments, debit cards, credit cards
RevenueIncreaseAftertax: UGX1 billion (US$259,000) (2019)
Total assetsUGX:225 billion (approx. US$58.22million) (2019)
ParentGuaranty Trust Bank
Websitegtbank.co.ug/home/

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 country.[2] The Bank of Uganda gave GTBank Uganda from 1 April 2024 until 30 June 2024 to transition from a Tier I commercial bank to a Tier II credit company, due to capitalization issues.[3]

YouTube Encyclopedic

  • 1/5
    Views:
    324
    836
    1 738
    150 171
    256 808
  • Press interview with Mr. Segun Agbaje, MD/CEO, Guaranty Trust Bank
  • GTBank 2019 Highlight
  • Withdrawing From Exness to Safaricom Mpesa
  • Rwanda Genocide - When Hutus killed 1 Million Tutsis in Rwanda - Darkest chapter in African history
  • The True Cost | Documentary | Clothing Industry | Fashion Market | Capitalism | Modern Slavery

Transcription

Overview

As of December 2019, GT Bank Uganda had assets valued at UGX:225 billion (approx. US$58.22 million) with shareholders equity of UGX:38 billion (approx. US$9.83 million). That calendar year, the institution made UGX:2 billion (approx. $518,000) in pre-tax profit and UGX:1 billion (approx. $259,000) in after-tax profit, the first time the institution was profitable in the previous 12 years. GT Bank Uganda is a subsidiary of Guaranty Trust Bank (GTB), a Nigerian financial services  conglomerate headquartered in Nigeria, with subsidiaries in several West, Central and East African countries.[4]

History

GT Bank (Uganda) was founded in 2008 as Fina Bank (Uganda), a subsidiary of the Fina Bank Group based in Kenya. In 2013, the Group sold 70 percent shareholding to GTB for a cash consideration of US$100 million.[5][6] In January 2014, the bank rebranded to its current name to reflect its current shareholding.[6][7]

Reclassification to Tier II class

In Q2 2022, the Ugandan Minister of Finance, in consultation with the Bank of Uganda, signed new regulations raising minimum capital levels for commercial banks from UGX:25 billion (approx. US$6.7 million) to UGX:150 billion (approx. US$40 million) by 30 June 2024. Due to its inability to raise the minimum capital requirements as stipulated, GTBank Uganda was authorized to downgrade to a Tier II credit financial institution, whose minimum capital requirements of UGX:25 billion (approx. US$6.8 million) it met, at that time.[8][9]

Branch Network

As of April 2024, GT Bank Uganda has a network of branches at the following locations:[10]

See also

References

  1. ^ a b GT Bank Uganda (2 April 2024). "The Board of Directors of GT Bank Uganda". GT Bank Uganda. Kampala, Uganda. Retrieved 2 April 2024.
  2. ^ Bank of Uganda (31 March 2023). "List of Licensed Commercial Banks As At March 2023". Bank of Uganda. Kampala, Uganda. Retrieved 2 April 2024.
  3. ^ Adonijah Ndege (27 March 2024). "GTBank loses commercial bank status after Bank of Uganda reclassification". TechCabal. Lagos, Nigeria. Retrieved 2 April 2024.
  4. ^ GTBank Group (April 2020). "GTBank Uganda Declares UGX2 Billion Profit After 12 Years of Operation". Guaranty Trust Bank. Lagos, Nigeria. Retrieved 2 April 2024.
  5. ^ BDA Reporter (November 2013). "Nigerian lender to buy 70 pc stake in Kenya's Fina bank". Business Daily Africa. Nairobi. Retrieved 3 November 2016.
  6. ^ a b "Fina Bank Uganda Sold To Nigerian Bank Group". Kampala. 23 January 2014. Retrieved 3 November 2016.
  7. ^ Kay, Chris (4 February 2014). "Nigeria's Guaranty Trust Completes Purchase of Kenya's Fina Bank". Bloomberg News. Retrieved 3 November 2016.
  8. ^ Osamu Ekhator (28 March 2024). "GTBank and 2 others to transition to credit institutions in Uganda by June". TechPoint Africa. Lagos, Nigeria. Retrieved 2 April 2024.
  9. ^ Christopher Kiiza (28 March 2024). "Financial Difficulties: 3 Banks Downgraded to Credit Institutions". Kampala, Uganda. Retrieved 2 April 2024.
  10. ^ GT Bank Uganda (2 April 2024). "List of GT Bank Uganda Branches". Linkedin.com. Retrieved 2 April 2024.
  11. ^ Vision Reporter (1 December 2009). "Fina Bank Targets Industrial Area". New Vision. Retrieved 3 November 2016.
This page was last edited on 2 April 2024, at 19:07
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.
Contact WIKI 2
Introduction
Terms of Service
Privacy Policy