GTCO Injects N365.9bn Into GTBank to Meet CBN Capital Requirement
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- 30.08.2025
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GTCO Injects N365.9bn Into GTBank to Meet CBN Capital Requirement
N365.9 billion into its flagship banking subsidiary,
Guaranty Trust Bank Limited (GTBank), in a bold move
to comply with the Central Bank of Nigeria’s (CBN) revised minimum capital
requirement for commercial banks with international authorization.
The announcement, made through filings with both the
Nigerian Exchange Limited (NGX) and the
London Stock Exchange (LSE), underscores GTCO’s
determination to retain its leadership position in Nigeria’s financial
sector while expanding globally. The capital injection marks a
significant milestone in the company’s growth journey and regulatory
compliance efforts.
the issuance and allotment of 6,994,050,290 ordinary shares of
50 kobo each by GTBank to its holding company (GTCO),
structured as a rights issue. This move effectively raised
the bank’s share capital from N138.1 billion to
N504.03 billion.
The capital raise was part of a two-phased equity raising program
approved by shareholders during the company’s 2024 Annual General Meeting
(AGM). It was later executed in line with regulatory guidelines and
approvals. With this, GTBank is now fully compliant with the CBN’s
latest recapitalization directive for banks operating internationally.
100% ownership of GTBank’s issued and paid-up share
capital. The company clarified that none of its directors hold any
direct or indirect interests in the banking subsidiary, thereby ensuring
transparency in the transaction.
The update was contained in a statement signed by
Erhi Obebeduo, Group General Counsel and Company Secretary,
who emphasized that the fresh equity would be strategically deployed to
boost GTBank’s operational and market strength.
they will be channeled toward critical areas that would drive both
short-term and long-term growth. The funds will support:
- Branch Network Expansion: Enhancing GTBank’s physical presence across Nigeria and international markets.
- Asset Growth: Scaling up loan offerings, advances, and investment securities portfolio to improve financial performance.
- IT Infrastructure: Fortifying digital and core banking technologies to match global best practices and ensure customer satisfaction.
- Market Opportunities: Leveraging emerging financial opportunities in Nigeria and across markets where GTBank operates.
This strategy aligns with GTBank’s history of innovation and adaptability,
as the institution continues to push boundaries within Africa’s
financial sector.
On August 28, 2025, the holding company became the
first West African financial institution to have its
shares listed on the London Stock Exchange. This
development not only broadens its investor base but also enhances its
visibility and competitiveness in the international financial markets.
Analysts have described the dual listing as a game-changer, enabling
GTCO to access deeper pools of capital while boosting investor
confidence. It is also a testament to the group’s commitment to
transparency, good governance, and global expansion.
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sector, making it more resilient to shocks while enhancing banks’
ability to finance large-scale projects. GTCO’s compliance sets a strong
example for other banks, signaling that the new standards are
achievable with strategic planning.
Financial experts believe the N365.9 billion injection will solidify
GTBank’s capacity to withstand market volatility, deepen customer
confidence, and support Nigeria’s economic development initiatives.
It also positions GTBank as a competitive player regionally and
internationally.
Many view the recapitalization as a proactive step that not only
ensures compliance but also reinforces GTBank’s long-term profitability.
The announcement has already started sparking discussions about a
potential rise in investor appetite for GTCO’s stock, both in Nigeria
and abroad.
Customers are also expected to benefit, as the additional funds would
translate to improved services, stronger credit availability, and
enhanced digital banking solutions.
fulfilled the CBN’s recapitalization directive but has also strengthened
GTBank’s position as one of Africa’s most innovative and resilient banks.
The move highlights the group’s forward-looking strategy and its
readiness to seize opportunities in both local and global markets.
As GTCO consolidates its leadership with improved capital strength,
stakeholders can expect a stronger, more dynamic GTBank, well-positioned
to drive economic growth, support businesses, and shape the future of
banking in Nigeria and beyond.
