Guaranty Trust Holding Company Plc (GTCO) has injected ₦365.85 billion (approximately $236 million) into its subsidiary, Guaranty Trust Bank Limited (GTBank). The capital was raised via a rights issue of 6.994 billion ordinary shares priced at 50 kobo each. As a result, GTBank’s share capital rose from ₦138.19 billion to about ₦504.04 billion, ensuring compliance with the Central Bank of Nigeria’s (CBN) N500 billion requirement for banks with international authorization.
The injection is part of a phased equity capital-raising effort approved in 2024 and fully funded by GTCO. The additional capital will be strategically utilised for branch expansion, growth in loans and investment securities, and significant upgrades to IT infrastructure—springboarding GTBank to capture emerging opportunities across its market presence.
This move aligns with the broader industry push to meet the N500 billion recapitalization target ahead of the March 2026 deadline. GTCO had earlier raised ₦209.41 billion in the first tranche of its equity raise, marking substantial investor confidence in the bank's strategic direction.
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