bank kenya type private industry financial services founded 1986 headquarters gt bank house kimathi avenue nairobi kenya key people dhanu hansraj chandaria chairman ibukunoluwa odegbaike managing director & ceo 1 products loans savings checking investments debit cards credit cards total assets us 242.2 million kes 20.94 billion 2010 number of employees 300 website homepage guaranty trust bank kenya commonly referred to as gt bank kenya is a commercial bank in kenya the largest economy in the east african community . it is licensed by the central bank of kenya the central bank and national banking regulator . 2 contents 1 overview 2 history 3 ownership 4 governance 5 see also 6 references 7 external links overview edit the bank provides a full array of banking services but focuses particularly on meeting the banking needs of small and medium enterprises sme s . as of december 2011 update the bank was a medium sized financial services provider providing commercial banking services to individuals and organisations . at that time its total asset valuation was estimated at about us 242.2 million kes 20.94 billion . 3 in 2013 gt bank kenya was ranked number 22 by assets among 43 licensed banks in kenya then . 4 gt bank kenya is a subsidiary of guaranty trust bank a nigerian financial services conglomerate with assets in excess of us 11.5 billion as of march 2013 . gt bank has subsidiaries in the following countries gtbank kenya nairobi kenya gtbank uganda kampala uganda gtbank rwanda kigali rwanda gtbank nigeria lagos nigeria gtbank c te d ivoire abidjan ivory coast gtbank gambia banjul gambia gtbank ghana accra ghana gtbank liberia monrovia liberia gtbank sierra leone freetown sierra leone gtbank uk london england united kingdom history edit the bank was founded in nairobi in 1996 as finance international limited a non banking financial institution nbfi . the name of the institution was later changed to the finance institution of africa fina . in 1991 the company changed ownership . in 1995 the central bank of kenya the country s banking regulator changed the banking laws requiring all nbfi s to convert to commercial banks or close shop . to comply with the law fina converted to a commercial bank fina bank kenya limited in february 1996 . between 2005 and 2008 fina bank kenya established subsidiaries in rwanda and uganda forming the fina bank group . in 2013 guaranty trust bank of nigeria acquired 70 % shareholding in fina bank group for a cash consideration of us 100 million . 5 in january 2014 fina bank kenya and her subsidiaries rebranded to reflect the change in ownership . in february 2014 fina bank group rebranded to guaranty trust bank east africa . 6 7 ownership edit as of january 2014 update the shareholding in the stock of gt bank kenya is as depicted in the table below gt bank kenya stock ownership rank name of owner percentage ownership 1 guaranty trust bank 70.00 2 others 30.00 total 100.00 governance edit gt bank kenya is governed by a nine person board of directors . dhanu hansraj chandaria one of the non executive directors is the chairman of the board . adekunle sonola is the managing director and chief executive officer of the bank . he is assisted by twelve other managers in supervising the bank s daily activities . 8 see also edit gt bank ea gt bank rwanda gt bank uganda kenya banks kenya economy references edit ngigi george 21 january 2014 . nigeria s guaranty names new fina bank ceo after buyout . business daily africa nairobi . retrieved 8 august 2014 . cbk . directory of commercial banks and mortgage finance companies pdf . central bank of kenya cbk . retrieved 8 august 2014 . gtbk . 29 march 2011 . audited 31 december 2010 annual report and financial statements pdf . finabank.com gtbk . retrieved 8 august 2014 . bankelele . 28 april 2014 . kenya bank rankings 2013 . bankelele.co.ke . retrieved 8 august 2014 . corporate news . nigerian lender to buy 70 % stake in kenya s fina bank . business daily africa nairobi quoting reuters . retrieved 8 august 2014 . egene goddy 25 december 2013 . gtbank concludes acquisition of fina bank kenya . thisday lagos via allafrica.com . retrieved 8 august 2014 . odyek john 23 january 2014 . fina bank uganda sold to nigerian bank group . new vision . retrieved 8 august 2014 . gtbk . the board of directors at gt bank kenya . guaranty trust bank kenya gtbk . retrieved 8 august 2014 . external links edit gt bank kenya gt bank rwanda gt bank uganda takeover raises gtb credit rate v t e banks of kenya central bank central bank of kenya commercial bank african banking corporation bank of africa barclays bank bank of baroda bank of india cfc stanbic bank chase bank citibank na kenya commercial bank of africa consolidated bank of kenya cooperative bank of kenya credit bank development bank of kenya diamond trust bank east african development bank ecobank kenya equity bank family bank fidelitybank first community bank giro commercial bank guaranty trust bank kenya guardian bank gulf african bank habib bank habib bank ag zurich housing finance company of kenya i & m bank limited imperial bank limited jamii bora bank kenya commercial bank middle east bank kenya m oriental bank national bank of kenya nic bank paramount universal bank post bank prime bank sidian bank spire bank standard chartered kenya trans national bank kenya united bank for africa victoria commercial bank financial services organization diamond trust bank group equity group holdings limited commercial bank of africa group guaranty trust bank east africa i & m bank group kenya commercial bank group nic bank group foreign banks bank of china bank of kigali hdfc bank nedbank the hongkong and shanghai banking corporation first rand defunct banks dubai bank kenya euro bank microfinance institutions faulu microfinance bank limited smep microfinance bank kenya women microfinance bank related topics automated teller machine atm atm usage fees de materialisation demat foreign exchange forex financial services real time gross settlement rtgs national electronic fund transfer neft structured financial messaging system sfms retrieved from https en.wikipedia.org w index.php title guaranty trust bank kenya & oldid 685777323 categories banks of kenyacompanies of kenyaeconomy of kenyanairobibanks established in 19861986 establishments in kenyahidden categories engvarb from january 2014use dmy dates from january 2014articles containing potentially dated statements from december 2011all articles containing potentially dated statementsarticles containing potentially dated statements from january 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated 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