Guaranty Trust Bank plc (also known as GTBank or GTB) is famous as the most enormous in size and profit in Nigeria and is situated in Victoria Island, Lagos. It is one of the largest corporations in the whole Western Africa.
It should be mentioned that Guaranty Trust Bank plc was established as a limited liability community engaged in commercial and banking services for the Nigerian population in 1990 and eventually started its activities in February 1991. In September 1996 Guaranty Trust Bank began to be recognized by the public and successfully received the Nigerian Stock Exchange President’s Merit award. In addition in February 2002 it became possible for the Bank to get a standard banking resolution and then with the help of that resolution it turned into the bank of settlements by the Central Bank of Nigeria (CBN) in 2003.
Furthermore Guaranty Trust Bank put its second batch of shares and offered Nigerian investors to expand its activities. Respectively on July 26, 2007 the Bank was registered on London and German Stock Exchange. During that year the Bank first issued Nigeria's private Eurobonds and the operation was a great success. That’s why in 2010 it took the third place in the list of most major banks including Zenith Bank and First Bank. Moreover the staff of the Bank is quite enormous and consists of 5000 workers.
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