Guaranty Trust Holding Company Plc (GTCO), the parent company of GTBank, has raised ₦10 billion via a private placement of newly issued ordinary shares. The capital raise was disclosed in an allotment notice released by the group on Wednesday.
Entire Offer Taken Up by One Investor
Details from Quest Advisory Services Limited, the issuing house to the transaction, show that the placement followed a placing memorandum dated December 24, 2025.
The offer attracted one investor, who subscribed to the full issuance. Under the transaction, GTCO issued 125 million ordinary shares priced at ₦80 per share, with the placement fully subscribed and all applications completely allotted.
CSCS Credit and Regulatory Approvals
In line with the terms of the offer, the newly issued shares will be credited to the investor’s Central Securities Clearing System (CSCS) account by DataMax Registrars Limited, the registrar to the transaction.
GTCO had earlier confirmed on December 31, 2025, that it received regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to proceed with the ₦10 billion private placement.
Why GTCO Opted for a Private Placement
Private placements allow companies to raise capital efficiently from targeted investors, avoiding the longer timelines associated with public offerings.
GTCO said the funds will be used to reinforce its balance sheet and support group-wide operations. Although the investor’s identity was not disclosed, analysts believe the proceeds may be channelled into expanding the group’s non-banking subsidiaries, accelerating digital initiatives, and supporting regional growth plans.
The group emphasised that the fundraising was not prompted by any capital deficiency at its banking subsidiary, GTBank.
GTBank Meets Regulatory Capital Threshold
GTCO noted that GTBank had already complied with the CBN’s minimum capital requirement for commercial banks with international authorisation, after raising its capital base to ₦504 billion in August 2025.
The company further explained that the private placement followed a resolution passed at its Annual General Meeting on May 9, 2024, where shareholders approved a broader capital-raising programme of up to $750 million using various financial instruments.
“This ₦10 billion private placement is being undertaken pursuant to Section 7.1 of the Guidelines for Licensing and Regulation of Financial Holding Companies (FHCs) in Nigeria, which governs the computation of FHC capital,” GTCO said.
Half-Year Financial Performance
For the six months ended June 30, 2025, GTCO reported a profit before tax (PBT) of ₦601 billion, compared with ₦1 trillion recorded in the same period of 2024. Profit after tax (PAT) declined to ₦449.01 billion, from ₦905.57 billion in the first half of 2024.
Interest income remained the group’s strongest revenue driver, increasing 71% year-on-year to ₦812.36 billion. The segment accounted for 76% of gross earnings, up significantly from 44% in the corresponding period of the previous year.
