GTBank has a full-fledged Treasury team dedicated to providing innovative solutions for your foreign exchange needs and investment services, 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 FX services.
  • Competitive pricing.
  • Real time market updates available
  • Must observe all BOT regulations regarding FX business.
  • 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.

Some of the products our treasury provides are seen below:

Treasury bills

Features and benefits

  • Short term (1 year or less) debt instruments issued by the Government of Tanzania through the Central Bank carry zero credit Risk given that they are issued by the Government
  • They can be pledged as collateral.
  • They are issued in maturities as seen below:
    • 3 months (91 days)
    • 6 months (182 days)
    • 12 months (364 days)
  • Treasury Bills may be sold in the secondary market to raise cash in case of need.
  • Auctions are scheduled every fortnight or as per BOT’s discretion.
  • Attractive returns dependent on prevalent market conditions.
  • No additional charges

Foreign exchange

  • Foreign Exchange Spot.
  • Swift transfers – Flat fee for outgoing SWIFT transfers.
  • Fast and Efficient Remittance to East Africa countries: Kenya, Uganda and Rwanda and All over the world.
  • Foreign currency Term Deposits, Call Deposits, Savings accounts and Current accounts

Money market

  • Fixed Deposits at competitive interest rates.
  • Call Deposits.
  • High Yield Deposits

Advisory

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