Deal: GTBank To Acquire 70% Stake In Kenyan Bank

Guaranty Trust Bank Plc (GTBank)  Thursday said it had reached an agreement to acquire a 70 per cent stake in Kenya’s Fina Bank Limited for $100 million.

However, the agreement is subject to customary regulatory approvals in Kenya, Nigeria, Rwanda and Uganda.
Headquartered in Kenya, Fina Bank also operate in Rwanda through its 92 per cent owned subsidiary Fina Bank Rwanda Limited and in Uganda through its fully owned subsidiary Fina Bank (Uganda) Limited.

GTBank to Acquire 70% Stake in Kenyan Bank