Guaranty Trust Holding Company Plc (GTCO), the parent company of Guaranty Trust Bank Limited in Nigeria, has obtained approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to raise ₦10 billion through a private placement of ordinary shares.
Okay News reports that the capital injection is not required to meet any shortfall at its banking subsidiary, which already exceeds the CBN’s minimum capital requirements for internationally authorised commercial banks.
GTCO clarified that the raise complies with Section 7.1 of the Guidelines for Licensing and Regulation of Financial Holding Companies regarding capital computation.
The initiative follows a shareholders’ resolution passed at the Annual General Meeting on May 9, 2024, authorising the Board to establish a programme of up to $750 million equivalent through various instruments.
Under the approved plan, GTCO will allot 125 million ordinary shares of 50 kobo each at ₦80 per share on a best-efforts basis.
The non-underwritten placement is scheduled to close on December 31, 2025, subject to fulfilment of conditions and regulatory requirements.
Professional parties involved will endeavour to secure placees for the shares.
GTCO’s strong financial position was highlighted in its unaudited Q3 2025 results, with profit before tax reaching ₦900.8 billion.
Total assets stood at ₦16.7 trillion, shareholders’ funds at ₦3.3 trillion, and a robust Capital Adequacy Ratio of 36.5 per cent.
Asset quality improved, with Stage 3 loans at 3.3 per cent at the bank level and cost of risk declining to 2.2 per cent.
The Group’s loan book and deposits grew by 16.5 per cent and 16 per cent respectively year-to-date.
, the parent company of Guaranty Trust Bank Limited in Nigeria, has obtained approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to raise ₦10 billion through a private placement of ordinary shares.){kind=link}