GTCO Reports ₦603bn Profit, Deposits Reach ₦14.19trn

Guaranty Trust Holding Company Plc (GTCO) announced a profit before tax (PBT) of ₦603.03 billion for the half year ended June 30, 2026. This represents a marginal increase of 0.4% year-on-year, despite a ₦46.2 billion fair value loss during the same period.

Interest income grew by 7.5%, and trading income surged by 24.7%, contributing to the Group's earnings. Total assets increased to ₦18.6 trillion, while shareholders’ funds reached ₦3.3 trillion.

The Capital Adequacy Ratio (CAR) improved to 34.9%. Asset quality also enhanced, with IFRS 9 Stage 3 loans at 3.5% at the bank level and 4.6% at the Group level.

The Cost of Risk (COR) decreased to 0.6%. The net loan book rose slightly to ₦3.15 trillion, while deposits grew by 10.3% to ₦14.19 trillion.

Group Chief Executive Officer Segun Agbaje attributed the performance to the resilience of the Group's franchise and balance sheet, emphasizing a focus on digital growth across various financial services.