Recapitalization: GTCO injects fresh N365BN into GTBBANK

Guaranty Trust Holding Company PLC (GTCO) has announced the new capital injection of N365.9 billion to a banking subsidiary that is entirely owned, Guarantee Trust Bank Limited (GTBBANK).

This is contained in a notification for the exchange of Nigeria (NGX) on Friday, August 29, 2025, entitled “Announcement of Capital Injection to Trust Bank Limited Guarantee”.

The parent company noted that the funds were provided through the allotment of 6.99 billion ordinary shares of 50 cobo, issued by GTBBANK to the parent company.

The company said the transaction was fully funded by the two -phase company’s equity capital increase program approved by shareholders in 2024 Annual General Meeting (GMS) and was cleaned by the regulator.

“Following the Capital Injection, the company continues to have 100% of all share capital issued and paid from the bank”.

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“Capital injection is funded by a two -phase equity capital increase program approved by the company’s shareholders in 2024 Annual General Meeting and then executed in accordance with the approval obtained from the relevant regulatory authority.”

“Through this capital injection, GTBank’s share capital has increased from 138,186,703,485.78 to 504,037,107,058.45 and ensuring bank compliance with new minimum capital requirements for commercial banks with international authorization determined by the Nigerian central bank,” the company said.

GTCO added that additional capital will be distributed to expand the GTBBANK branch network, grow loan books and investment portfolios, and strengthen the information technology system.

The parent company emphasized that they remain the sole shareholder of GTBBANK, with no director who holds direct or indirect shares in the bank.

By: Babajide Okeowo