Guaranty Trust Holding Company Plc (GTCO) has announced a major capital injection into its banking subsidiary, Guaranty Trust Bank Limited (GTBank).
The investment, valued at ₦365.85 billion, was raised through the issuance of 6.99 billion ordinary shares via a rights issue. With this move, GTCO has increased GTBank’s share capital from ₦138.19 billion to ₦504.04 billion, ensuring compliance with the Central Bank of Nigeria’s new minimum capital requirements for international commercial banks.
GTCO emphasized that it continues to hold 100% ownership of GTBank, with no director of the holding company having any direct or indirect interest in the bank.
According to the statement, the additional equity will support branch expansion, loan growth, investment in securities, and IT infrastructure, while also positioning GTBank to tap into emerging opportunities in Nigeria and international markets.
The capital raise was part of a two-phase equity programme approved by shareholders at the 2024 Annual General Meeting and executed with regulatory approval.
Media Contact:
Oyinade Adeigbe
GTCO Investor Relations
ir@gtcoplc.com
| +234 07001 238239
