Only a few days after 5 banks were stripped of their licenses for breaching ‘core capital rules’, the banking mogul Guaranty Trust Bank (Tanzania) Limited (GTBank) has been issued its license to operate as a commercial bank in Tanzania.
The public notice was released at the turn of the week informing the general public that GTBank is now open for business.
With its headquarters in along Bagamoyo Road, in Dar es Salaam, the bank offers the full commercial banking package. From retail banking offering personal, private and ebanking platforms to commercial and treasury banking services.
It also has a special portal for Small and Medium Enterprises (SMEs) geared at boosting SMEs to fuel economic growth.
The bank also has a strong commitment to Corporate Social Responsibility; “we are committed to creating enduring partnerships for sustainable development,” with a vision of “…adding value to the diverse communities in which we operate.”
The bank’s CSR strategy focuses on four major pillars Community Development, Education, Environment and Health issues.
“We believe in giving back to the less privileged residents of our host communities…a significant part of the bank’s annual earnings are committed towards supporting community based structures and initiatives. This belief has been a driving factor behind our support for various initiatives over the years.”