Guaranty Trust Bank has officially suspended the usage of its naira mastercard for international transactions.
According to a statement sent to all her customers, GTB noted that
ATM cash withdrawal on Naira MasterCard is now only available in Nigeria.
Meanwhile, the bank has reduced the monthly spending limits currently applicable when using its Naira MasterCard for International payments via POS and online from $250 to $100.
GTBank or simply GTB is a Nigerian multinational financial institution, that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking and Asset Management services, based in Victoria Island, Lagos.
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Guaranty Trust Bank plc was incorporated as a limited liability company licensed to provide commercial and other banking services to the Nigerian public in 1990 and commenced operations in February 1991.
Mrs Osaretin Demuren is Chairman; Segun Agbaje is Managing Director/CEO; Cathy Echeozo is Deputy Managing Director.
The other members of board of directors includes Akindele Akintoye, Adebayo Adeola, Andrew Alli, Olabode Augusto, Ibrahim Hassan, Hezekiah Oyinlola, Imoni Akpofure, Olutola Omotola, Demola Odeyemi, Haruna Musa and Wale Oyedeji.
GTBank plc has 231 branches, 17 Cash Centres, 18 e-branches, 35 GTExpress locations and more than 1165 ATMs in Nigeria.
GTBank has expanded to Cote d’Ivoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda. These countries belong to the “Eco zone”. It has also expanded to the United Kingdom.
With the acquisition of a 70 per cent stake in Fina Bank GTBank expanded into the East African market as at December 2013.
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