From vanguardngr.com | Read more …

Guaranty Trust Bank (GTB) Plc total assets has risen to over US $1 billion, just as it secured an additional $20 million facility from  the International Finance Corporation (IFC), the private sector arm of the World Bank. This brings IFC’s investment in the  15-year-old Nigerian bank to $60 million.

As one of Nigeria’s largest and most successful banks, GTB has an excellent track record in providing funding for Nigerian  companies. The bank recently co-arranged, alongside 14 other banks, a N60 billion facility for Dangote Industries and Obajana  Cement Company. The $20 million revolving loan, IFC’s third investment in GTB, will be used to improve access to long-term  financing for Nigerian companies.