FirstHoldCo Leads Nigerian Banks with N653.5 Billion Profit
In the first half of 2026, five Nigerian financial institutions reported a combined profit before tax (PBT) of N2.29 trillion, driven by higher interest income and improved asset quality. FirstHoldCo Plc led the group with a PBT of N653.5 billion, marking an 83.5% year-on-year increase.
Zenith Bank Plc followed with a PBT of N637.6 billion, a 1.91% increase from the previous year. GTCO reported a PBT of N603.03 billion, a modest 0.4% increase.
Stanbic IBTC Holdings Plc recorded a PBT of N341.57 billion, up 40.13% from 2025, while Sterling Financial Holdings Company Limited had a PBT of N55.5 billion. FirstHoldCo's gross earnings rose by 16.7% to N1.93 trillion, while Zenith Bank's net interest income stood at N1.25 trillion.
GTCO's total assets were N18.6 trillion, and Stanbic IBTC's gross earnings climbed by 27.15% to N650.31 billion.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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