Guaranty Trust Holding Company plc (GTCO) has completed a capital injection of ₦365.85 billion into its wholly-owned banking subsidiary, Guaranty Trust Bank Limited (GTBank).
This was announced in a company statement filed on the Nigerian Exchange (NGX), signed by GTCO’s Group General Counsel and Company Secretary, Erhi Obebeduo.
This capital injection increases GTBank’s share capital from ₦138.19 billion to ₦504.04 billion, positioning the institution well above regulatory requirements.
The capital injection was strategically funded through a comprehensive two-phase equity capital raising program, approved by shareholders at GTCO’s 2024 Annual General Meeting.
It was executed through a right issue and allotment of 6,994,050,290 ordinary shares of fifty kobo each.
According to the statement, none of the Company’s Directors has any interest, direct or indirect, in the Bank.
Following this transaction, GTCO continues to maintain 100% ownership of GTBank’s issued and paid-up share capital, ensuring complete control over the banking subsidiary’s operations.
The capital enhancement enables GTBank to meet the Central Bank of Nigeria’s new minimum capital requirement for commercial banks with international authorization.
Nigeria’s banking sector is currently undergoing major recapitalization with new capital thresholds being implemented in phases up to 2026, giving banks until March 31, 2026, to raise the required funds.
Eight banks have already complied with minimum paid-up capital directives as of July 31, 2025, ahead of the March 31, 2026, deadline. The recapitalization initiative represents a fundamental shift in Nigeria’s banking landscape, with institutions racing to meet enhanced capital adequacy standards.
GTBank’s substantial capital increase positions the institution for expanded operations and enhanced market competitiveness.
The bank can now leverage its strengthened capital base to pursue growth opportunities, support larger transactions, and maintain its position as a leading financial institution in Nigeria’s evolving banking sector.
