Lagos, Nigeria | August 29, 2025
Guaranty Trust Holding Company Plc (GTCO: NGX, LSE) has announced the injection of ₦365.85 billion into its wholly owned banking subsidiary, Guaranty Trust Bank Limited (GTBank), through the subscription and allotment of 6,994,050,290 ordinary shares of ₦0.50 each.
The transaction increases GTBank’s paid-up share capital from ₦138.19 billion to ₦504.04 billion, ensuring compliance with the Central Bank of Nigeria’s revised minimum capital requirement of ₦500 billion for commercial banks with international authorisation.
According to the company, the capital injection was funded by its two-phased equity capital raising programme. The first phase, launched in July 2024, raised approximately ₦209.41 billion from 130,617 valid applications for 4.7 billion ordinary shares, which were fully allotted. The second phase, an international primary equity offering on the London Stock Exchange (LSE), secured US$105 million from long-term institutional investors in exchange for about 2.29 billion new ordinary shares, making GTCO the first financial services institution in West Africa to dual-list on both the NGX and LSE.
GTCO stated that the recapitalisation strengthens GTBank’s financial base ahead of the March 31, 2026 deadline set by the CBN, while also positioning the group for sustainable growth across its operations.