GTB expands into Liberia

by Richard Kilner

Story link: GTB expands into Liberia

Guaranty Trust Bank (GTB) plc has expanded its operations by opening a subsidiary in Liberia.

The Nigerian bank, which operates from over 150 locations in its base country, has a number of subsidiaries in Gambia, Ghana and Sierra Leone and the United Kingdom.

Managing director Tayo Aderinokun has stated that the firm’s decision to begin operations within Liberia has been made with the intention to help enhance the country’s economic development.

The GTB is also a groundbreaking organisation, as it is the first bank from sub-Saharan Africa to be listed on the main market of the London Stock Exchange.

In addition Tayo Aderinokun has been named recently as CEO of the Year at the Thisday Awards 2009 held in mid-January.

He has been CEO and MD of the GTB for the last six years.