Gtbank swift code like all other bank swift codes is often requested to be used to identify a particular branch of a bank. These codes play an important role in various bank transactions, especially when it comes to international transactions. A SWIFT code may also be used by various banks to transfer other messages.
SWIFT codes are a combination of various kinds of letters and are used to identify the branch codes of the banks. These codes are used as Bank Identifier Codes (BIC).
A SWIFT code is used to identify a particular branch of a bank. These codes play an important role in various bank transactions, especially when it comes to international transactions. A SWIFT code may also be used by various banks to transfer other messages.
A SWIFT code may be of eight to eleven digits and has the following components:
– The first four characters are used as the bank codes. Only letters can be used.
– The next two characters, only letters, are to describe or give the country code.
– The next two characters can be a mix of both numbers and letters. These are used for location-based codes.
– The last three characters of the code can be digits and letters and are optional. These last three characters in a SWIFT code are used to give details about the branch code.
A good example of a SWIFT code would be the Gtbank swift code – GTBINGLA
It must be remembered that BICs and SWIFT Codes can be used interchangeably and are one and the same thing. A SWIFT code is usually used during international bank wire transfers. However, these codes may also make you pay a higher rate, depending on the ongoing rates at the time of the transaction. At present, there are more than forty thousand live SWIFT codes.
GTBank SWIFT Code
Finding and using the right GTBank SWIFT Code is very important for banking transactions, especially international transactions.
Guaranty Trust Bank Limited BIC / Swift code details
Sending or receiving money from abroad to Guaranty Trust Bank Limited in Nigeria? Find the right BIC / SWIFT code with our Guaranty Trust Bank Limited SWIFT code finder.
Please remember to always confirm the correct code with the bank or recipient before sending any money.
|Swift code (8 characters)||GTBINGLA|
|Branch name||Head Office|
|Bank name||Guaranty Trust Bank Limited|
The swift code for GTBank is GTBINGLA. The name of the bank is Guaranty Trust Bank Plc. Its head office is at 635, Akin Adesola Street, Victoria Island, Lagos, Nigeria. The bank is actively connected to the swift network and therefore making international money transfer available to and easy for her customers.
Guaranty Trust Bank
Guaranty Trust Bank plc also known as GTBank or simply GTB is a Nigerian multinational financial institution, that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking, and Asset Management services, with its head office in Victoria Island, Lagos.
The bank was formed in 1988 by over 35 young Nigerians in their thirties, spearheaded mostly by Tayo Aderinokun and Fola Adeola, but also included Femi Pedro, Gbolade Osibodu, Femi Akingbe, Akin Opeodu, and others.
A Brief History of Guaranty Trust Bank
Guaranty Trust Bank plc was incorporated as a limited liability company licensed to provide commercial and other banking services to the Nigerian public in 1990 and commenced operations in February 1991.
In September 1996, Guaranty Trust Bank plc became a publicly quoted company and won the Nigerian Stock Exchange President’s Merit award. In February 2002, the Bank was granted a universal banking license and later appointed a settlement bank by the Central Bank of Nigeria (CBN) in 2003.
Guaranty Trust Bank undertook its second share offering in 2004 and raised over N11 billion from Nigerian Investors to expand its operations.
On 26 July 2007 GTBank became the very first Subsaharan bank and first Nigerian joint stock company to be listed on London Stock Exchange and Deutsche Börse. The IPO raised US$750,000,000.
In the same year, they successfully placed Nigeria’s first private Eurobond issue on the international capital markets.
The GTBank USD 500,000,000 Eurobond was the first-ever Benchmark Eurobond issue by a Nigerian corporate and the second Eurobond program by GTBank in the last 5 years.
The long-term debts of Guaranty Trust Bank plc are rated BB- by Standard & Poor’s and AA- by Fitch Ratings, which are the highest ratings for a Nigerian bank.
They introduced online banking and SMS banking in Nigeria and a naira denominated MasterCard as well as the Platinum and World Signia cards and with GTB-on-wheels, mobile branches.
On 12 March 2008, GTBank was given a banking license for the United Kingdom by the Financial Services Authority.
GTBank is a partner of Eko Atlantic City, a newly made island (820 ha.) in the Atlantic ocean, adjacent to Victoria Island Lagos. It will be the home of the new Financial District. The building of Eko Atlantic City started in 2009 and is expected to be finished in 2016.
To commemorate the bank’s 20th anniversary, the Nigerian Postal Service issued a set of GTBank Anniversary postage stamps. This was the first time in Nigeria that a corporate organization was honored in such a way.
In 2011, the bank became the biggest bank in Nigeria by market capitalization.
In 2013, the bank acquired 70 percent shareholding in the Fina Bank Group for a cash payment of US$100 million. Fina Bank branches and subsidiaries were rebranded GT Bank soon afterward.
In 2013, the Bank issued a US$400,000,000 Euro bond at a coupon rate of 6%; the least obtained by a Nigerian company in the international capital market. The Eurobond was issued under the US$2,000,000 Global Medium Term Note Programme, which is registered under both Regulation in the United State of America and Rule 144A in the United Kingdom and sold to investors across Africa, America, Asia and Europe.
The Bank has over 10,000 employees.
On 29 March 2019 ,the Supreme Court asked GT bank to pay Innoson motors the sum of ₦8.7 billion debt.