Shareholders of GTCO PLC have endorsed the bank's N12.76 kobo dividend, the highest in the banking sector, applauding its 2025 financial performance and urging management to build on this success in the current fiscal year. The endorsement came during the bank's fifth annual general meeting, where shareholders also commended the group for meeting the Central Bank of Nigeria's N500 billion new minimum capital requirement.
Shareholders Express Excitement
At the AGM, Timothy Adesiyan, president of the Nigerian Shareholders' Solidarity Association, expressed excitement over the management's dividend payout for the 2025 financial year, emphasizing that the board has demonstrated discipline in maintaining dividend payments to shareholders. Similarly, Bisi Bakare, chairman of the Pragmatic Shareholders Association of Nigeria, lauded the management for paying a total dividend of N12.76 kobo in 2025, noting that GTCO made history as the first Nigerian bank to reward shareholders with such a payout. She urged the management to continue this gesture.
Dividend Details
The management of GTCO declared an interim dividend of N1 per share for the half year ended June 2025 and a final dividend of N11.76 kobo for the full year, bringing the total dividend to N12.76 kobo for the 2025 financial year. This represents a significant reward for shareholders and reflects the bank's strong performance.
Board Chairman's Remarks
Suleiman Barau, board chairman of GTCO, stated that the group has steadily transformed from a traditional single-line banking institution into a broader financial services ecosystem spanning banking, payments, funds management, and pension administration. He explained that this diversification is a deliberate strategy aimed at building an institution capable of serving customers more comprehensively while creating multiple engines for sustainable growth. Barau emphasized that a diversified ecosystem provides greater balance across economic cycles, reduces concentration risk, and broadens the value proposition offered to individuals, businesses, and institutional clients.
Barau stressed that management discipline continues to underpin the group's risk culture, noting that in a fluid macroeconomic environment, maintaining a healthy balance sheet and strong credit practices remains critical. He said the board is committed to ensuring that GTCO's growth is anchored in careful risk assessment, responsible lending, and robust internal controls. He added that the true strength of a financial institution lies in its ability to remain stable, trusted, and relevant during uncertain periods. Barau noted that the durability of GTCO's performance reflects years of institution-building, disciplined leadership, and a shared commitment across the organization to long-term value creation.
CEO's Vision for 2026
Segun Agbaje, group chief executive officer of GTCO, described 2025 as a year of deepening integration across the group's banking, payments, asset management, and pension businesses. He said the company leveraged data, digital tools, and operational insight to deliver seamless customer experiences across Africa and the United Kingdom. Agbaje pointed out that by connecting personal and business solutions, GTCO has been able to extend the reach of each business line while amplifying the value delivered to customers. He added that 2025 would be remembered as a landmark year in the group's growth journey following the successful listing of its shares on the London Stock Exchange. This achievement made GTCO the first financial services institution in West Africa to list its ordinary shares on the LSE's main market, strengthening its capital base and enhancing liquidity for shareholders.
Looking ahead to 2026, Agbaje said execution discipline would remain GTCO's defining advantage. He stated that by integrating ecosystem offerings, deepening customer engagement, and leveraging platform-driven solutions, the group would continue to create meaningful experiences and long-term impact for individuals, businesses, and communities. He added that technology remains central to improving operational efficiency, customer experience, and insight-driven decision-making, while a robust balance sheet and disciplined capital management provide the flexibility to act decisively across market cycles.
