Following the approval of the United Kingdom’s supervisory authorities, Guaranty Trust Holding becomes the first African bank to negotiate in the main market of the London Stock Exchange (LSE).

The Bank announced on Wednesday that the total of 36.4 billion shares of its equity issued, was introduced into the official list of the UK financial behavior Authority and began negotiating on the London Stock Exchange.

With its introduction to the London Stock Exchange, the Nigerian Bank wishes to become an international African trademark in the financial industry.

Bank’s story from Nigeria

In 1990, Fola Adeola and Tayo Aderinokun founded the African bank. Within a month, the bank held the first meeting of its Board of Directors and a few months later, it began its banking work.

After just six months of operation he reported damage.

In 1992, the bank opened two branches in Lagos and its first branch in the province, in Canan. At the end of the year, Guaranty Trust Bank announced profits of 52 million Naira (at today’s prices corresponding to 29,000 euros), while its balance sheet increased to 1,050 billion (586,000 euros).

In 1996, it became the first financial institution that belongs entirely to Nigerians and achieves a profit of 1 billion Naira.