Guaranty Trust Bank GTBank, the banking arm of Guaranty Trust Holding Company Plc GTCO, has strengthened its capital base with a 238.5-million injection from its parent company. Led by Segun Agbaje, this move raises GTBanks paid-up capital to 328.5 million, meeting regulatory requirements for commercial banks with international authorization.
Strategic support and growth drive
According to its recent disclosure, the capital injection lifted GTBanks paid-up capital from N138.19 billion 90.05 million to N504.04 billion 328.5 million, keeping it fully compliant with the Central Bank of Nigerias new minimum capital rules. The bank remains wholly owned by GTCO, with no director holding a personal stake.