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Treasury

GTBank has a fully-fledged Treasury team dedicated to providing innovative solutions for your foreign exchange needs and investment in fixed income securities, supported by the latest state-of-the-art infrastructure; proficient in meeting all treasury requirements.

 

The Treasury Team issues continuous market up-dates daily and a weekly summary to enable its corporate, institutional, trade and retail customers to keep abreast of the latest market news and currency trends.

 

  • GTBank offers both spot and forwards FX services.
  • Competitive pricing.
  • Convenience – with proper ID, this is an OTC service.
  • Commission free FX.
  • We handle all the major international and regional currencies
  • Real time market updates available

Requirements

  • Must observe all BOU regulations regarding FX business
  • All forex transactions are subject to the current Kenyan Exchange Control regulation.
  • Any foreign currency purchase from the Bank of more than USD 10,000 (or equivalent) shall be documented in accordance with the regulation in place.
  • The rates indicated hereafter are applicable to forex transactions up to USD 5,000 (or equivalent).
  • For forex transactions of more than USD 5,000 (or equivalent), a firm quote shall be obtained from the relevant Relationship Manager / Relationship Officer / Treasury Dealer.
  • The Treasury Sales Desk is at the disposal of GTBank’s Corporate Clients to provide them information related to local/international forex and money markets.

 

 

  • Foreign Exchange Spot.
  • Foreign Exchange forwards and swaps.
  • Commission free foreign exchange.
  • Swift transfers – Flat fee for outgoing SWIFT transfers.
  • Foreign Drafts.
  • Fast and Efficient Remittance to East Africa countries: Uganda and Rwanda
  • Foreign currency Term Deposits, Call Deposits, Savings accounts and Current accounts

Features & Benefits

  • Short term (1 year or less) debt instruments issued by the Government of Uganda through the Central Bank
  • Carry zero credit Risk given that they are issued by the Government
  • Treasury Bills are issued in multiples of Ugx 100,000, starting with a minimum of UGX 100, 000
  • T/bills are issued in maturities of:
3 months
91 Days
6 months
182 Days
12 months 364 Days
  • Treasury Bills may be sold n the secondary market to raise cash in case of need
  • Auctions are scheduled every fortnight or as per BOU’s discretion.
  • Attractive returns dependent on prevalent market conditions.
  • No additional charges.
  • Fixed Deposits at highly competitive interest rates.
  • Call Deposits.
  • High Yield Deposits.

 

Advisory

  • Timely information on markets and analysis.
  • Solutions to manage foreign exchange risk.

We offer attractive interests rates on foreign currency deposits on our;

  • Savings' account.
  • Call deposits accounts.
  • Current accounts.
  • Fixed deposit accounts.
+256 703 718 500
enquiriesug@gtbank.com