Guaranty Trust Holding Company (GTCO), the parent of Guaranty Trust Bank (GTBank), has injected $238 million (about ₦365.9 billion) into its banking subsidiary to meet new regulatory demands.
The move comes after the Central Bank of Nigeria raised the minimum capital requirement for international banks to ₦500 billion (approximately $326 million). The recapitalization lifts GTBank’s capital base above the required threshold, ensuring compliance with the directive.
By securing this position, GTCO not only strengthens the stability of its flagship bank but also creates room for expansion in lending and securities activities. The capital boost is seen as a step toward reinforcing the resilience of Nigeria’s financial sector while keeping GTCO competitive in the market.
