FRI AUG 29 2025-theGBJournal| Guaranty Trust Bank Limited (GTBank) Friday, saw its share capital dramatically bounce by N138.186 billion to N504.037 billion after parent company, Guaranty Trust Holding Company Plc (GTCO), increased its investment in the Bank through the issue and allotment of 6,994,050,290 ordinary shares of 50 kobo each, made by way of a rights issue, for a total consideration of N365.850 billion.
According to GTCO, 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 (AGM) which was subsequently executed in line with approvals obtained from the relevant regulatory authorities.
Meanwhile, with the capital injection, (which ensures the Bank’s compliance with the new minimum capital requirement for commercial banks with international authorization stipulated by the Central Bank of Nigeria, GTCO continues to hold 100 percent of the entire issued and paid up-capital of GTBank.
GTCO noted that ”none of the Directors of the Company has any interest,-direct or indirect- in the Bank.”
The Company also noted that the additional equity capital will be deployed by GTBank for branch network expansion and asset growth, including loans/advances and investment securities portfolio.
The fresh capital will also be deployed to fortify the Bank’s information technology infrastructure and to leverage emerging opportunities in Nigeria and the operating environments where it maintains banking presence.
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