Guaranty Trust Holding Company PLC which most people refer to as GTBank has been at the forefront of African banking for a while now and has made its mark through its diverse range of services, its history, and customer satisfaction.
If you want to know more about GTBank and its influence in Africa and the banking world then keep on reading as we cover the story of the evolution of GTBank and some of its key services.
If you want to understand how GTBank as a brand contributed to the financial sector and you are either a customer or a fan of GTBank, perhaps you are seeking employment with GTbank, then you’ve come to the right place.
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A Brief History of GTBank
In order to understand GTBank, we first have to go back in time to 1990 Nigeria, when Fola Adeola and Tayo Aderinokun founded a bank focused on providing a customer-centric approach with professional services.
This marked the humble beginnings for GTBank, and they set out to gain recognition in Nigeria providing their services from 1991.
1990: – 2000s: Fostering a Competitive Environment
Undoubtedly, GTBank has established itself as a professional entity, and from the very start focused on building a culture of innovation and transparency, and incorporated strong corporate policies and ethical standards to compel competition in the Nigerian market.
In 2007 their global depository receipts (GDR) were a success, which led to them becoming the pioneer bank from Nigeria to be listed on the London Stock Exchange.
Guaranty Trust Bank, from Nigeria, went public in September 1996 and has managed to win multiple merit awards, including the Nigerian Stock Exchange President’s of Merit, in the years 2000, 2003, 2005, 2006, 2007, 2008 and 2009.
They were also granted a universal banking license in February 2002, and later became a settlement bank for the Central Bank of Nigeria in 2003.
Through their second offering, Guaranty Trust managed to gain over N11 billion in 2004, allowing them to expand their operations and better compete against a wealth of international financial firms.
This boost set them up to meet the requirements set in 2005 by CBN to have a minimum of N25 billion capital base, one of the steps taken to ensure the stability of Nigerian banks.
After the consolidation, Guaranty made a decision that from there on out, they would actively participate in retail banking.
This rebranding strategy was launched in June of 2005 and helped them establish their aggressive color strategy, expansion plan and sweep with energetic services.
The Bank was in the history books as the first Nigerian Bank’s Financial Institution to execute a US$350 million regulation S Eurobond and a US$750million Global Depositary Receipts Offer in 2007.
The listing of the GDRs on the London stock exchange in July that year enabled the Bank to become the first Nigerian Company and African Bank to be listed in the Activation market of the London stock exchange.
GTBank’s Commitment to Social Responsibility
GT Bank, over the years, has made it a primary aim to ensure that they assist the communities and societies in which they function in addition to simply generating profit. Be it education, culture or healthcare the bank has always supported social causes.
Education and Scholarships
Promoting equal access to education across all regions of Nigeria especially in the deprived areas, GT Bank provides full sponsorship and scholarships to institutes and organizations.
Healthcare Programs
The bank dedicates a large budget to healthcare and healthcare services by sponsoring outreach and medical missions that provide the underprivileged with quality healthcare.
Support for Arts and Culture
GT Bank plays an immense role in the celebration of African creativity such as small enterprises and fashion over the weekend along with their food and drink festivals.
GTBank’s Involvement Shaping Future of African Banking
Not only is GTBank just preparing to meet the technological changes the banking industry will undergo, but is also taking the initiative in ensuring that these changes happen.
Promoting Digital Transformation
Because the bank incorporates technology into its operations, it is leading the charge for digital change throughout Africa. From innovative AI-enabled payment systems to building ecosystems that encourage financial inclusion, GTBank is always making progress.
Promoting Financial Inclusion
GTBank is steadily working to bridge the financial gap for unbanked populations, delivering functional banking solutions accessible through mobile platforms and low-tech USSD systems.
Sustainability and Green Banking
By aligning its goals with global sustainable banking principles, GTBank works towards a greener future. From reducing carbon footprints in its operations to encouraging eco-conscious financial policies, the organization leads by example.
Careers at GTBank (Guaranty Trust Holding Company PLC)
When you work for Guaranty Trust Bank, you have the opportunity to make a difference in your life.
Over the course of our existence, we have never stopped assisting our staff members in the realization of their dreams, while simultaneously providing them with the opportunity to reach their full potential in both their personal and professional lives.
Internship, Graduate and Specialist Entries at GTBank
Internships
At Guaranty Trust Bank, they focus on helping people get better. We offer internships for college students and recent graduates who want to learn from a top-notch company.
You can get technical knowledge and personal skills through our internship programs that will help you advance in your work and give you valuable on-the-job experience.
It’s a great way to learn more about the jobs you can get.
Graduates
The Guaranty Trust Bank is dedicated to developing young talent and giving them chances to find their strengths, grow as people, and make a difference in the world.
You can start your job off on the right foot with our entry-level training program, which takes place in a world-class training facility.
See: GTBANK (GTCO) Past Questions & Answers: Download in PDF
GTBank Job Application Process
The eligibility criteria for Entry level Programme (ELP) is described below:
- Obtain a second-class lower division degree from an approved university.
- Have completed the required NYSC and have a NYSC certificate.
- Have completed WAEC/NECO with at least 5 credits, including Mathematics and English, in no more than two (2) sittings
- Must be no more than twenty-six (26) years old.
You will be invited to go through the Bank’s five-step recruitment procedure, as detailed below:
Step 1: Computer-Based Assessment
Step 2: Pre-Interview Documentation
Step 3: Panel Interview
Step 4: Final Interview
Step 5: Entry Level Training Scheme
To apply for GTBank jobs, visit: https://www.gtbank.com/about/careers/career-opportunities
GTBank’s Contact Address and Phone Numbers
Corporate Head Office
GTBank’s Head Office Address
Plot 635, Akin Adesola
Victoria Island, Lagos.
Tel:
- +234 201 271 4580
- +234 201 271 5227
GTConnect
- Tel: +234 201 448 0000
- Tel: +234 700 4826 66328
- Tel: +234 802 900 2900
- Tel: +234 803 900 3900
- Tel: +234 813 985 6000
To locate other branches of GTbank and ATM locations kindly visit: https://www.gtbank.com/help-centre/contact-us
GTBank (Guaranty Trust Holding Company PLC): The Concluding Thought
Throughout the course of more than three decades, GTBank has been a shining example of the qualities that should be embodied by financial institutions: honesty, resilience, and adaptability.
It is a valued partner for millions of people and an inspiration for innovation within the African banking sector because of its capacity to grow while remaining true to its core values.
It is possible that now is the right time to check GTBank’s services and see how they might improve your overall financial experience if you are not already using their banking services.
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