GTCO Boosts Capital Base to N500bn with Equity Injection into GTBank.
Guaranty Trust Holding Company Plc (GTCO) has increased its capital base to over N500 billion through a fresh equity injection into its subsidiary, Guaranty Trust Bank Limited (GTBank). This move aligns with the Central Bank of Nigeria's new capital requirements for international commercial banks, which mandate a minimum capital base of N500 billion.
The injection of equity into GTBank was aimed at enhancing the bank's resilience and positioning it to better support economic growth. GTCO clarified that the capital was sourced through an equity raising program approved at its 2024 Annual General Meeting and implemented after regulatory clearance.
The fresh capital injection will be utilized to expand GTBank's branch network and support loan and investment growth.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
Read full article
Continue on Leadership Newspaper
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
GTBank Bolsters Capital Base with N365.9bn Injection to Meet CBN Requirement
GTCO Posts N600.9bn Profit in H1 2025 - Strong Financial Performance
GTCO and MTN Nigeria Drive Nigerian Stock Market to N171 Billion Gain
GTBank Reports N601bn Profit in H1 2025, Declares Dividend
FCMB Group Eyes Global Expansion With New Equity Capital Offering
Greenwich Merchant Bank Meets N50 Billion Capital Requirement Set by CBN
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
