July 11, 2025 | Lagos – Guaranty Trust Holding Company (GTCO) is aiming for a 15% dividend yield and 25% return on equity (ROE) following its transformative secondary listing on the London Stock Exchange.
Strong Financials
GTCO reported a staggering ₦1.266 trillion pre-tax profit for 2024, up 108% year-on-year, boosted by a 12.3% rise in net loans and a 38% jump in deposits, lifting total assets to ₦14.8 trillion and equity to ₦2.7 trillion . The bank’s capital adequacy ratio remains strong at 39.3%, and pre-tax ROE hit an impressive 60.5% in 2024, a steep rise from 50.3% the prior year.
Robust Payouts
In March, GTCO approved a record ₦8.03 per share dividend, marking the highest yield among Nigerian banks and translating to around a 10% yield based on share price at the time.
London Listing Boost
GTCO raised $105 million through the share sale arranged by Citi, with listings anticipated on July 9 under “GTHC,” transitioning from its GDR model . The listing broadens access to global capital, enhances visibility, and positions GTCO for future growth.
