GTBank Liberia Deposit Base Hits U.S$31 Million
The Managing Director of the Guaranty Trust Bank Liberia Limited or GTBank for short, Dan Orogun, has reported a customer base of 12,500 and a deposit base of US$31 million on the Bank's third anniversary celebrated in Monrovia.
- (1888PressRelease) March 14, 2012 - Speaking at the GTBank 13Th Street, Sinkor office on Friday, Mr. Orogun told journalists that within three years of operations in Liberia, the Bank has established six branches in various parts of the country, including Clara Town, Randall Street, Redlight, Sinkor, Ganta and Buchanan, respectively.
The bank was capitalized to the tune of US$10 million upon entry into the Liberian financial market in March 2009, Orogun said. He revealed that the amount was further increased to US$15 million in June 2010, giving the bank a competitive advantage in its business development efforts. He also disclosed that the bank is at the verge of injecting an additional US$5 million to enhance its operating capacity.
Mr. Orogun at the same time noted that the GTBank intends to increase branch network in line with its long-term investment strategy in the Liberian economy, supported with its cutting-edge customized on-line real time services and electronic products.
He named those products as the Guaranty Trust Electronic Notification Service (GeNS), Guaranty Trust Money Transfer (GTMT), Internet Banking, Guaranty Trust Automated Payment System (GAPS) and Statement by email.
The GTBank managing director said the bank's long term vision for Liberia is to become a reference in service delivery by offering innovative value adding products and services to stakeholders.
Orogun however revealed that over 98 percent of the staff at the Bank is Liberian, vowing the bank's readiness to invest in people and environment in which it operates. Leaders, youth and students leaders, religious leaders, development partners and friendly governments.
However, these consultations were paused for several months in 2011 owing to political activities relative to the 2011 general and presidential elections. The paused was necessary so as to signal to citizens and development partners that vision 2030 is none-political. Vision 2030 is expected to be rolled out by July this year.
Source: The New Dawn By Winston W. Parley, 12 March 2012
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