GTCO Raises N10bn Through Fully Subscribed Private Placement
Guaranty Trust Holding Company Plc (GTCO), the parent company of GTBank, has raised ₦10 billion through a private placement of its ordinary shares. The development was disclosed in an allotment announcement released by the group on Wednesday.
Single Investor Takes Up Entire Offer
According to details provided by Quest Advisory Services Limited, the issuing house to the transaction, the private placement was executed in line with a placing memorandum dated December 24, 2025.
The offer attracted a single investor, who subscribed to the entire issuance. GTCO issued 125 million ordinary shares at ₦80 per share, with the placement fully subscribed, representing a 100% allotment of the shares on offer.
Shares to Be Credited via CSCS
In accordance with the terms of the placement, 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 offer.
On December 31, 2025, GTCO had earlier announced that it secured regulatory approvals from both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to proceed with the ₦10 billion capital raise.
Purpose of the Capital Raise
Private placements are typically used by companies to raise capital quickly from institutional or targeted investors, allowing them to bypass the longer processes associated with public offerings.
GTCO said the funds are expected to strengthen its balance sheet and support operations across the group. While the identity of the investor was not disclosed, market analysts suggest the proceeds could be deployed toward capital expansion across GTCO’s non-banking subsidiaries, as well as to support its digital transformation and regional growth strategy. The group clarified that the capital raise was not driven by any financial shortfall in its banking subsidiary, GTBank.
GTBank Already Meets CBN Capital Requirement
Recall that GTBank had already met the CBN’s minimum capital requirement for commercial banks with international authorisation after increasing its capital base to ₦504 billion in August 2025.
GTCO also noted that the private placement was undertaken pursuant to a shareholders’ resolution passed at its Annual General Meeting on May 9, 2024, where shareholders authorised the Board to establish a capital-raising programme of up to $750 million through various financial instruments.
“This private placement in the sum of ₦10 billion is being raised pursuant to Section 7.1 of the Guidelines for Licensing and Regulation of Financial Holding Companies (FHCs) in Nigeria regarding the computation of the capital of FHCs,” the company said.
GTCO Financial Performance
For the half year ended June 30, 2025, GTCO reported a profit before tax (PBT) of ₦601 billion, down from ₦1 trillion recorded in the same period of 2024. Profit after tax (PAT) stood at ₦449.01 billion, compared with ₦905.57 billion in the first half of 2024.
Interest income remained a major earnings driver for the group, rising 71% year-on-year to ₦812.36 billion. The segment contributed 76% of gross earnings, up from 44% in the corresponding period of 2024.
