GTCO Reports N603bn Profit Before Tax for H1 2026

Guaranty Trust Holding Company Plc (GTCO) announced its Audited Consolidated and Separate Financial Statements for the period ending June 30, 2026, revealing a profit before tax of N603.03 billion. This performance was supported by a year-on-year increase in interest income of 7.5% and trading income of 24.7%.

However, the profit growth was limited to 0.4% due to a N46.2 billion fair value loss recognized in the first half of 2026. The Group's total assets and shareholders' funds were reported at N18.6 trillion and N3.3 trillion, respectively, with a strong Capital Adequacy Ratio (CAR) of 34.9%.

The asset quality improved, with IFRS 9 Stage 3 Loans at 3.5% and 4.6% for the Bank and Group levels, respectively. The Group's loan book grew marginally by 0.5%, while deposit liabilities increased by 10.3%.

Mr. Segun Agbaje, the Group Chief Executive Officer, emphasized the strength of the franchise and the importance of digital growth across various sectors.