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History

Guaranty Trust Bank Gambia Ltd is a joint initiative and partnership between a Nigerian leading bank - Guaranty Trust Bank Plc (GTBank Plc) and a number of Gambian businessmen and institutions. The Bank began operation in The Gambia in March 2002. In line with internationally accepted practice, Guaranty Trust Bank Gambia Limited's financial performance is consolidated annually with the GTBank Plc financial results. The Bank operates from 17 locations spread around the country, inclusive of our electronic branch located at Senegambia Tourism Development Area.

Despite the stiff competition in The Gambian banking landscape and turbulent global financial environment GTBank Gambia whether the storm to become the 2nd most profitable bank in The Gambia in 2014 and the 3rd largest bank in terms of Balance Sheet size.

Corporate Social Responsibility is a key component of our business activities. We believe that giving back to the less privileged residents of our host communities is a prerequisite for the overall development of the country. Our key intervention areas are Health, Education, Sports, Arts and Culture. At least GMD3 Million is spent annually as our CRS contribution to society.

2002

On 5th March, Central Bank of The Gambia approved the issuance of a Banking license to the promoters.

On 6th March, formal banking operations began at the Bank’s Head Office, 56 Kairaba Avenue, Fajara.

The bank became the first commercial bank to locate its Head Office outside the city of Banjul.

December 2002, the bank declared an operating loss for the nine-month operation. It was first of its kind for a commercial bank to publicly declared its loss position.

2003

The Bank opened its 2nd branch in Banjul, Ecowas Avenue.

The Bank declared a Profit of D3.1 million from a loss position in the previous year.

2004

The Bank opened its 3rd branch at Churchill’s Town, Serekunda.

2005

The first bank to introduce Internet banking in The Gambia.

The first bank to introduce statement by Email and GTBank Electronic Notification service (instant notification of any transaction via email)

2006

The first commercial bank to introduce a local money transfer service called “GTB Joni-Joni”.

The first commercial bank to introduce bill / fee payment collection scheme.

Introduced Bankers Acceptance in The Gambia Money Market - GTB BA, similar in character and terms to the government Treasury Bills.

The Bank opened its 4th and 5th branches in Brikama and Senegambia.

The Bank became among one of the top three banks in The Gambia and continues to be in top three league.

2007

The Bank opened its 6th branch at Bambo which ranked the bank as the second bank with the largest branch network.

The bank became the second bank in The Gambia to install Automated Teller Machines (ATM).

Three ATMs were installed at Kairaba, Senegambia and Serekunda branches.

GTBank was the first bank to initiate inter-bank borrowing in The Gambia. Inter-bank borrowing continues to allow banks strengthen their liquidity position by borrowing cash from other commercial banks.

2008

The first bank to win the maiden edition of The Gambia Chamber of Commerce and Industry (GCCI) “Bank of the Year Award”.

The Bank opened its 7th and 8th branch at Latrikunda Sabiji and Kanifing (Jimpex).

As a responsible corporate citizen, the bank adopted a Family House at SOS Children Village to provide feeding, clothing and paying of school fees for the children.

2009

The Bank opened its 9th, 10th, 11th, 12th and 13th branches at Jeshwang, Banjul on 3 Liberation Avenue, Farafenni, Bundung and Brusubi.

The bank obtained license as the first and only Principal Member of Visa International in The Gambia and licensed to render full array of Visa Card service.

Became the first and only Gambian bank to obtain Visa Merchant Acquirer and license to deploy Visa enabled Point Of Sale Terminals (POS).

Became the second most profitable bank in The Gambia.

2010

The first bank to initiate and conclude the first ever loan syndication in The Gambia financial market.

The Bank opened its 14th and 15th branches at Basse and Bakau, thus becoming the bank with the widest branch network with nationwide coverage.

GTB was the 1st and ONLY BANK tasked with the responsibility of collecting Airport Development Levy for The Gambian Government through the control of The Gambia Civil Aviation Authority. A clear statement of the confidence & trust the Government has in GTB.

2011

In meeting its corporate social responsibility, the bank gave a sum of D4 million to Gambia For Gold, an initiative of The Gambia Government through the Ministry of Youth and Sports task with the responsibility to mobilize funding for the country’s National football teams.

The bank became the pacesetter in The Gambia tasked with the responsibility to collect Taxes and duties for Gambia Revenue Authority (GRA, following the signing of a memorandum of understanding (MOU) in April 2011 between the two institutions. Tax payers would pay their taxes and duties payable to GRA at any of the GTBank Branches)

The bank for the second time won The Gambia Chamber of Commerce and Industry (GCCI) Bank of the Year Award.

2012

In its drive to complement government in national development and to set the pace in the Gambian Banking landscape, GTBank on Monday 4th June, 2012added to its list one more public private partnership deal.

In September 2012, GTBank increased its network of Branches to 16 by opening a 3rd Branch in Banjul.

We added to our myriad of money transfer services MoneyGram money transfer.

2013

The launch of the first-ever electronic branch in The Gambia by Guaranty Trust Bank Gambia Limited has placed customers of the Bank at the forefront of enjoying first-class banking services in the country. The electronic branch is located on Bertil Harding Highway at the Senegambia roundabout. 

The National Water and Electricity Company (NAWEC) in collaboration with GTBank Gambia in November, 2013 launched the NAWEC Cash Power Vending on GTBank ATMs.

In July of 2013 our internet banking platform was upgraded with the introduction of the new TOKEN device to ensure a faster, safer and a more convenient experience. The GTBank Token gives customers optimal protection against online thefts, hackers and fraudsters. GTBank portable Internet Banking Security device allows our customers to monitor, transfer funds between own accounts, confirm and stop cheques, conduct third party transactions and set-up standing instructions.

With the introduction of the GTBank Airtime vending, customers with the GTBank ATM Card can walk to any GTBank ATM and buy Airtime of any GSM network in the country. The service like all others is user friendly.

The GTBank won The Gambia Chamber of Commerce and Industry Service provider of the year. The award replaces the Bank of the Year award to now include all service providers in the country.

2014

In 2014, GTBank became the first Bank to launch MasterCard Services on all our ATMs and Point of Sale Terminals.

2015

The bank launched mobile banking service the first of its kind in The Gambia.

The bank introduced Verve Card. It is flagship brand that is EMV compliant. EMV is an enhanced secure standard for debit cards that includes an electronic chip embedded on the card. The features of the embedded chip help increase security of the cards and reduce fraud resulting from counterfeit, lost and stolen cards.
 
It is currently the fastest growing and most widely issued Pan-African card scheme with wide international acceptance.

GTBank received Best Internet Bank and Best Commercial Bank 2015 Award from the UK based Global Banking and Financial Review.