Fina Bank has finally rebranded to Guaranty Trust Bank (GT Bank) after the Nigerian-based bank completed a 70 per cent share acquisition of the Kenyan bank early this month.

The takeover deal, worth about $100m (Rwf67.5b) will see both clients and workers of the bank benefit both in terms of products and service delivery, officials from the bank said.

Fina Bank becomes the third financial institution to change names in less than 10 months after they were bought by bigger continental banks.

The others are BCR, which was taken over by I&M Bank and Rwanda Microfinance that was bought by Botswana-based Letshego.