www.gtbank.com

Media Centre
The 2017 GTBank Food and Drink Fair set to hold during Workers’ Day holiday

The 2017 GTBank Food and Drink Fair set to hold during Workers’ Day holiday

Lagos, Nigeria - March, 2017 Food lovers from across the world can once again look forward to an unparalleled culinary experience as the 2nd edition of the GTBank Food & Drink Fair is set to hold during the Worker’s Day holiday on Sunday the 30th of April and Monday the 1st of May, 2017. The 2-day event will treat attendees to enthralling gastronomic tours across a wide variety of exciting cuisines and delicacies while offering small businesses in the Nigerian Food Industry a free and vibrant platform to connect with a wider segment of their target markets as well as experts in their business fields. The GTBank Food and Drink Fair was created by foremost African Financial Institution, Guaranty Trust Bank Plc, as part of its efforts to empower small businesses. The 2016 debut of the consumer-focused event received very positive reviews nationally and internationally, had over 90 exhibitors from the food... Read More

GTBank completes takeover of Fina Bank

 

2nd January, 2014

 

Nigerian-based bank, Guaranty Trust Bank, has acquired a 70 per cent stake in Fina Bank.



Balivada Rao, the managing director of Fina Bank Rwanda, a subsidiary of the Kenyan-based lender, confirmed the buy-out over the week.



Rao said the deal will benefit clients and the bank in terms of products innovation and service delivery.



The takeover deal is worth about $100m (Rwf67.5b).



Earlier in July, 2013, GTBank and the shareholders of Fina Bank entered into a share sale and purchase agreement for the acquisition of the stake. The agreement was, however, subject to customary regulatory approvals from the central bank.



The development means that all Fina Bank branches across the region; in Kenya, Uganda and Rwanda will now be renamed and rebranded as subsidiaries of GTBank, Rao said.



GTBank joins a list of other West African banks, including Ecobank and Access Bank, which have ventured into the East African region to tap into its fast-growing economies and opportunities.

 

 

Source: www.newtimes.co.rw

GT COMMUNITY

 

  • N
  • $7.59
    +16.06%