GTCO Reports N603.03bn Profit Before Tax in 2026

Guaranty Trust Holding Company (GTCO) announced an audited financial result for the first half of 2026, reporting a profit before tax of N603.03 billion. This figure reflects a year-on-year growth of 0.4%, despite a N46.2 billion fair value loss impacting earnings.

The growth was primarily fueled by a 7.5% increase in interest income and a 24.7% rise in trading income. GTCO's total assets and shareholders' funds reached N18.6 trillion and N3.3 trillion, respectively.

The Capital Adequacy Ratio (CAR) remained robust at 34.9%, with the bank's CAR at 29.2%. 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 net loan book grew by 0.5% to N3.15 trillion, while deposit liabilities increased by 10.3% to N14.19 trillion. Mr. Segun Agbaje, Group Chief Executive Officer of GTCO, emphasized the company's resilient franchise and commitment to responsible growth, leveraging digital solutions across its services.