Nigeria’s leading commercial bank, Guaranty Trust Bank, popularly known as GTBank, has transitioned into a holdings company, GTCO Plc. This means that your favorite bank is now a fully-fledged financial services group.
The company made the official announcement to all members of its customers yesterday, that they’re replacing Guaranty Trust Plc with Guaranty Trust Holding Company Plc (” GTCO Plc”), and it has been listed on the Nigeria Exchange (NGX) Limited, and as well with the London Stock Exchange.
However, the bank remains the same but it’s transitioned from a Public Listed Company (GTBank Plc) to a Limited Liability Company (Guaranty Trust Bank Limited) with Guaranty Trust Holding Company Plc (GTCO Plc) as the parent company.
According to the official statement by the company, GTCO Plc will operate as the parent company of all Guaranty Trust banking businesses across Africa, and the United Kingdom as well as other non-banking businesses which we will establish following our transition. It enables us to create more value for you, deliver better results for all our stakeholders and further enrich lives in the communities wherein we operate.
The idea is to make financial services work for you goes beyond banking, and so should we. As part of our long-term strategy, we are entering the next phase of our growth wherein we want to create and drive innovative financial solutions that go beyond banking.
In order to do so, we were legally required to adopt a holding company structure, which we have now completed. This means we are able, ready, and well-positioned to help you achieve the full breadth of your financial goals, in ways we are limited, as a bank.