GTBank Partners Forte Oil To Increase GTExpress Locations

GTBank Partners Forte Oil To Increase GTExpress Locations

An artist impression of a GT Bank plc branch office outlet

African Bank of the Year, Guaranty Trust Bank plc has launched “GTExpress”; a comprehensive Agent Banking Service at Forte Oil locations nationwide as part of its efforts at bringing banking services closer to its existing and potential customers.

Through this partnership with Nigeria’s foremost energy solutions provider, GTBank will leverage the extensive reach of Forte Oil to further bring banking services such as Account Opening, Cash deposit and Withdrawal via ATMs, Customer Enquiries, Bills payment and Funds transfer closer to the people. The Bank has rolled out in 14 Forte Oil locations including Western Avenue, Surulere; Bank Road, Ikoyi; Local Airport Road, Ikeja; Festac; Olorunsogo, Mushin; Shomolu, Ikorodu Road, Apapa-Oshodi/ Mile 2 Expressway; Boundary Road Ajegunle; Campos Square Lagos Island, Jebba, EbuteMetta; Old Apapa Road; Wharf Road and Kingsway Road, Apapa.

GTBank formally launched this service in November 2013 at Ebeano Supermarket in Lekki, Lagos and has recorded tremendous success at this location since inception. Basic banking services and any other activity as the Central Bank of Nigeria may prescribe from time to time, can be carried out at these agent locations.

GTExpress is banking via agent locations such as Supermarkets, Schools, Cinemas, Markets and Restaurants. It is an initiative to reach out to the underserved and unbanked segments of the population in a cost efficient manner through the use of non-banking retail outlets.

According to the Managing Director of Guaranty Trust Bank plc; Segun Agbaje “The unbanked sector of the economy presents a significant growth area for banks in emerging markets. Our objective is to offer banking products and services to this segment via non-banking outlets thus breaking down barriers to financial inclusion such as accessibility and cost. This is a great step in achieving a more inclusive financial services industry”.

Also commenting, Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil plc: “We are pleased with the GTBank partnership as it reinforces our vision of being a one stop shop whilst affirming the wide reach of our retail network. With this alliance our customers who patronize GTB Plc will be able to reduce commuting time and cost in attending to their various needs.

Guaranty Trust Bank plc was established in 1990 and has within the last 24 years come to be recognized as one of the most innovative and service focused banks in the Nigerian financial market space. GTBank has consistently pushed the innovative boundaries to make banking a convenient experience for its customers.

Forte Oil PLC is a public liability company listed on the Nigerian Stock Exchange and a foremost indigenous major marketer of petroleum products with a network of over 500 retail outlets spread across the thirty-six states of Nigeria, the Federal Capital Territory (FCT), Abuja and extended operations in Ghana.