GTCO Reports N879.9bn Pre-Tax Profit for 2026

Guaranty Trust Holding Company Plc (GTCO) released its unaudited financial statements for the nine months ended 30 September 2026, reporting a profit before tax of N879.9bn. This performance was attributed to growth in core earnings, with interest income, fees and commission income, and trading income increasing by 5.0 per cent, 1.4 per cent, and 3.1 per cent, respectively.

Despite an N87.9bn fair value loss, profit before tax saw a slight decrease of 2.3 per cent from N900.8bn in the same period of 2025. Profit after tax was N614.6bn, down from N699.6bn in Q3 2025, impacted by changes in Companies Income Tax regulations.

GTCO's total assets rose by 3.5 per cent to N18.37tn, while shareholders’ funds reached N3.5tn. The group maintained a capital adequacy ratio of 34.2 per cent, with deposit liabilities increasing by 8.6 per cent to N13.98tn.

The non-performing loan ratio improved to 4.0 per cent, down from 5.0 per cent in December 2025. Group Chief Executive Officer Segun Agbaje stated the results reflect the strength of the group's operating model.