Why Is Guaranty Trust Bank Transitioning To A Holding Company Structure

Making financial services work for you goes beyond banking, and so should we. As part of our long-term strategy, we are entering the next next phase of our growth wherein we want to create and drive innovative financial solutions that go beyond banking. In order to do so, we were legally required to adopt a holding company structure, which we have now completed. This mean we are able, ready and well-positioned to help you achieve the full breadth of your financial goals, in ways we were limited, as a bank

Will Gtbank be changing it's name or it's logo?

No, legally and operationally, the name of the Bank remains Guaranty Trust Bank. The Bank has however transitioned from a Public Listed Company (GTBank plc) to a limited liability company (Guaranty Trust Bank Limited) with  Guaranty Trust Holding Company plc (GTCO plc) as the parent company.

Yes, the logo of the Bank would reflect it's new status as part of GTCO plc - the parent company of our banking businesses in Nigeria, Ghana, Kenya, Cote d'ivoire, Liberia, Sierra Leone, Uganda, Rwanda, The Gambia and the United kingdom.

What does this mean for me as a customer?

Our transaction to a holding company structure will have no effect on your status as a customer of Guaranty Trust in Nigeria, and any Guaranty Trust Bank outside of Nigeria, including the United kingdom. The transition will also not affect our banking operations in any way; you will continue to have unrestricted access to all our banking products and services in the same manner as you did before the transition.

Will I benefits from this transition to a Holding Company Structure

Absolutely!

As a Holding Company, GTCO plc will set up new businesses that will offer you more value beyond banking. As your bank, we have always been committed to serving you simpler, cheaper and faster. With the new Holding Company Structure, we will be able to go past our previous limits to play a deeper role in making life simpler and more enriching for you.

Is there anything required of me as a customer of the Bank?

Nothing at all. All our banking services are fully available, and all our branches are open to serve you. There is one thing that we would like you to continue to do for us though, and that is to remain confident in our ability to serve you. We do not take your trust lightly, and we remain committed to offering you simpler, better and more efficient financial solutions, in these uncertain times and beyond.


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