Guaranty Trust Holding Company Plc (GTCO) has secured regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Alternate Fee (SEC) to lift N10 billion by means of a non-public placement of its atypical shares.
The approval is topic to the fulfilment of relevant situations precedent and regulatory necessities.
The event was disclosed in a press release issued by GTCO’s Group Basic Counsel and Firm Secretary, Erhi Obebeduo.
What GTCO is saying
GTCO mentioned the capital elevate is just not pushed by any shortfall at its banking subsidiary, Guaranty Trust Bank Restricted, which has already exceeded the CBN’s minimal capital requirement for industrial banks with worldwide authorisation.
The Firm recalled that it introduced on August 29, 2025, that GTBank had elevated its capital base to N504,037,107,058.45, surpassing the regulatory threshold.
“This personal placement within the sum of N10 billion is due to this fact solely being raised pursuant to Part 7.1 of the Tips for Licensing and Regulation of Monetary Holding Corporations (FHCs) in Nigeria concerning the computation of the capital of FHCs,” the assertion mentioned.
Shareholders’ mandate for capital elevating programme
The personal placement is being undertaken pursuant to a shareholders’ decision handed on the Firm’s Annual Basic Assembly held on Could 9, 2024.
On the assembly, shareholders authorised the Board to set up a capital-raising programme of as much as $750 million (or its equal) by means of numerous devices.
The mandate permits the issuance of “atypical shares, desire shares, convertible and/or non-convertible bonds or every other devices, whether or not by means of a public providing, personal placement, rights subject, e book constructing course of or every other methodology or mixture of strategies,” in tranches and on phrases decided by the Board.
Particulars of the personal placement
Pursuant to this approval, the Board has authorised the Firm to proceed with a non-public placement to lift N10 billion by means of the allotment of 125,000,000 atypical shares of fifty kobo every.
Below the association, the Firm has entered into a best-efforts personal placement to generate gross proceeds of as much as N10 billion from the sale of the shares at N80 per share.
“The Providing is scheduled to shut on December 31, 2025 (the ‘Closing Date’) and is topic to sure situations, together with, however not restricted to, receipt of all vital approvals,” the assertion mentioned.
Placement construction and skilled events
GTCO famous that the personal placement is just not underwritten.
In line with the Firm, the skilled events concerned have agreed to “use their respective cheap endeavours to acquire a placee for the personal placement shares.”
GTCO board composition
The Board of Guaranty Trust Holding Company Plc consists of:
- A.Oyinlola– Chairman
- Ok.Agbaje– Group Chief Government Officer
- N.Echeozo
- Barau
- H. Lee Bouygues (American)
- I.Adenisi– Government Director
What you must know
In October, Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) launched its Unaudited Consolidated and Separate Monetary Statements as of September 30, 2025, to the Nigerian Alternate Group (NGX) and London Inventory Alternate (LSE).
- The Group posted revenue earlier than tax of N900.8billion on the again of robust efficiency on the core earnings traces of curiosity revenue and payment revenue, which grew y-o-y by 25.6% and 16.8% respectively.
- The robust core-earning efficiency continued to slim the y-o-y dip in PBT to 26%, thereby cushioning the influence of the N523.2bn honest worth positive factors recognised in Q3-2024, which didn’t recur in Q3-2025.
Group’s whole belongings and shareholders’ funds closed at N16.7trillion and N3.3trillion, respectively. Capital Adequacy Ratio (CAR) remained very strong and robust, closing at 36.5%. Likewise, asset high quality improved as evidenced by IFRS 9 Stage 3 Loans, which closed at 3.3% and 4.4% % on the Bank and Group degree in Q3-2025 (Bank 3.5%, Group 5.2% in December 2024).
Value of Threat (COR) additionally improved to 2.2% from 4.9% in December 2024. In particular phrases, the Group’s mortgage e book (internet) grew by 16.5% from N2.79trillion as of December 2024 to N3.24trillion in September 2025. Equally, deposit liabilities grew by 16.0% from N10.40trillion to N12.06trillion throughout the identical interval.