Guaranty Trust Holding Company Plc (GTCO) has successfully injected ₦365.85 billion into its subsidiary, Guaranty Trust Bank Limited (GTBank), raising the bank’s paid-up share capital from ₦138.19 billion to ₦504 billion. This capital boost ensures GTBank’s compliance with the Central Bank of Nigeria’s (CBN) new minimum capital requirement for commercial banks with international authorization.
The capital injection was achieved through the subscription of 6,994,050,290 ordinary shares of fifty kobo each in a rights issue by GTBank. This move follows a two-phased equity raising program by GTCO, including an international offering on the London Stock Exchange (LSE), which raised $105 million from institutional investors.
Segun Agbaje, Group CEO of GTCO, described the recapitalization as a pivotal step, emphasizing the company’s focus on innovation, service excellence, and expansion across high-growth markets. The additional capital will be deployed primarily to expand GTBank’s branch network, grow its portfolio of loans, advances, and investment securities, and strengthen its IT infrastructure.
GTCO remains the sole shareholder of GTBank, reinforcing its leadership position in Nigeria’s financial sector. This recapitalization places GTBank among the early compliant banks ahead of the CBN’s March 31, 2026 deadline for meeting the capital base requirement.