BGL Plc, formerly known as Banc Garanti Limited, was incorporated in May 1993 and commenced operations as an lnvestment Banking company in May 1995. BGL is registered with the Securities and Exchange Commission ("SEC") as an lssuing House, lnvestment Adviser and Portfolio Manager. BGL’s wholly owned stock-broking subsidiary, BGL Securities Limited is a dealing member of the Nigerian Stock Exchange ("NSE") and registered by the SEC as a Broker/Dealer and lssuing House.
Early on, BGL identified the Banking Industry as an attractive sub-sector with a large number of distressed and underperforming institutions, and therefore, as one of its earliest transactions, BGL made a strategic investment in Continental Trust Bank Plc (Then Merchant Bank of Commerce MBCOM) in June 1995. This significant investment also led to the acquisition of Crystal Bank (which was restructured and re-branded Standard Trust Bank Plc, but has now become United Bank for Africa Plc). In 2006, BGL concluded the very first merger in the Banking Industry in Nigeria, which saw the coming together of Standard Trust Bank Plc and the old United Bank for Africa Plc to form one of the fastest growing Commercial Banks in Nigeria, United Bank for Africa Plc (UBA).
In July 2008, BGL launched two new subsidiaries BGL Asset Management and BGL Private Equity Limited to join the already existing BGL Securities Limited. This strategic initiative is aimed at positioning ourselves to respond better to the peculiar needs of our market.
Our strategic goal at BGL is to continually create and grow wealth by offering a unique range of Investment Banking and Financial Advisory services to our vast clientele.