GTI Microfinance Bank Assures Customers

GTI Microfinance Bank has assured its customers of the safety of their deposits, stating that the bank had adequate capital and liquidity necessary to continuously meet its obligations to the customers.

  Reacting to the listing of the bank’s name among the list of microfinance banks, which licences were revoked by the Central Bank of Nigeria (CBN), the bank said it believed the inclusion of the bank’s name within the list was an error.

Managing Director, GTI Microfinance Bank, Mr. Rashidi Oreshade, said the bank has already drawn the attention of the apex bank to the error as it has met all requirements of the apex bank to remain in operations.

He noted that GTI Microfinance Bank has never closed its door to its customers nor failed to meet its obligations to customers.

He said the bank was not aware of any petition ever written by any customer, adding that the bank has always remained in good terms with its customers.

“It is in view of this that we strongly believe that our name was included among distressed microfinance banks in error,” Oreshade said.

He said the bank was in support of the banking reforms.