Guaranty Trust Bank commences operations in UK

12.03.2008

Guaranty Trust Bank Plc has reaffirmed its pre-eminent position as one of Nigeria’s brightest prospects in the financial services industry with the licensing of its wholly owned UK subsidiary; Guaranty Trust Bank UK to commence operations as a full fledged commercial bank offering corporate and retail banking services, in the UK.

The bank received the operational licence from the FSA (Financial Services Authority); one of the strictest financial regulatory authority in the world, on the strength of its strong international brand equity and the consistence of its track record of professionalism, financial strength and landmark achievements over the years. By virtue of this feat, Guaranty Trust Bank thus becomes the first Nigerian bank of its generation to commence operations as a full fledged commercial bank in the UK.

The Managing Director of Guaranty Trust Bank, Mr. Tayo Aderinokun, whilst commenting on the achievement said, “This is another achievement for the Nigerian Banking Sector as it goes to show that the international community is fast acknowledging the strength and relevance of Nigerian companies in the global economy.”

He also added that “the Bank's foray into the UK would facilitate the seamless transactions by Nigerians and corporate organisations that live or have businesses in the UK.