Recapitalisation: GTCO injects fresh N365bn into GTBank

Guaranty Trust Holding Company Plc (GTCO) has announced the injection of a fresh capital of N365.9 billion into its wholly-owned banking subsidiary, Guaranty Trust Bank Limited (GTBank).

This was contained in a notice to the Nigerian Exchange (NGX) on Friday, August 29, 2025, titled “Announcement of Capital Injection into Guaranty Trust Bank Limited”.

The Holding Company noted that the funds were provided via the allotment of 6.99 billion ordinary shares of 50 kobo each, issued by GTBank to the holding company.

The company said the transaction was fully funded from the firm’s two-phased equity capital raising programme approved by shareholders at the 2024 annual general meeting (AGM) and cleared by regulators.

“Following the Capital Injection, the Company continues to hold 100% of the entire issued and paid-up share capital of the Bank”..

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“The Capital Injection was funded by the two-phased equity capital raising programme approved by the Company’s Shareholders at its 2024 Annual General Meeting and subsequently executed in line with the approvals obtained from the relevant regulatory authorities.”

“Through this Capital Injection, the share capital of GTBank has been increased from 138,186,703,485.78 to 504,037,107,058.45 and ensures the Bank’s compliance with the new minimum capital requirement for commercial banks with international authorisation stipulated by the Central Bank of Nigeria” the company said.

GTCO added that the additional capital will be channelled into expanding GTBank’s branch network, growing its loan book and investment portfolio, and strengthening its information technology systems.

The holding company stressed that it remains the sole shareholder of GTBank, with none of its directors holding a direct or indirect stake in the bank.

By: Babajide Okeowo

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