Foremost African financial institution, Guaranty Trust Bank plc, marks its
listing on the London Stock Exchange whereby the Bank became the first
Nigerian bank to list on the London Stock Exchange (LSE), the first to
dual list on an international exchange and the first Nigerian company to
raise international capital using listed Global Depositary Receipts. To
mark the 10th anniversary of this pioneering feat, the MD/ CEO of GTBank,
Mr Segun Agbaje led the Market Open Ceremony at the LSE on Friday, July
28, 2017, accompanied by senior representatives of the Bank and other
institutional partners including JP Morgan, Morgan Stanley and Banwo and
Ighodalo.
The London Stock Exchange is a diversified international exchange that
offers international business, and investors, unrivalled access to
Europe’s capital markets. In July 2007, GTBank embarked on a concurrent
international and domestic equity offering by way of Global Depositary
Receipts to raise funding for general corporate purposes. At the
completion of this unprecedented offering, the Bank raised approximately
US$825 million and became the first Nigerian company to obtain a full
listing on the Main Market of the London Stock Exchange. Since its listing
on the LSE, GTBank embarked on a decade of unparalleled growth, leading
the financial industry in profitability and products and service delivery.
Commenting on the anniversary, Mr Agbaje, said, “Listing on the London
Stock Exchange, one of the most illustrious exchanges in the world, was a
pioneering feat which remains fresh in our minds. We are very grateful to
all our investors and partners for the integral role they played and their
confidence in the Brand. Ten years on, we remain committed to maximizing
shareholders’ value and delivering superior and sustainable return; guided
by our founding values of hard work, discipline and integrity.”
Guaranty Trust Bank plc [GTB] offers a wide range of financial services
and products throughout Nigeria, with strong footprints in West and East
Africa, as well as the United Kingdom. In recognition of its leading role
in Africa’s banking industry, world class corporate governance standards
and excellent service delivery, GTBank has been recognized as the Best
Bank in Nigeria by Euromoney (2016), the African Bank of the Year by the
African Banker Magazine (2016) the Best Bank in Africa for Corporate
Governance (2015) and the Most Innovative Bank in Africa by African
Investor (2016).