Nigerian bank GTCO raises ₦209.41 billion in first phase of capital raise to meet regulatory requirements.
Guaranty Trust Holding Company Plc (GTCO) completed the first phase of its equity capital raise program, raising ₦209.41 billion from 130,617 applications for 4.7 billion shares. The funds will be used to recapitalize Guaranty Trust Bank Nigeria to meet regulatory requirements and support growth initiatives. The second phase, targeting foreign institutional investments, is planned for 2025.
3 months ago
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