GTCO Reports N1.11 Trillion Earnings for H1 2026
Guaranty Trust Holding Company Plc (GTCO) released its audited financial statements for the half-year period ending June 30, 2026, showing gross earnings of N1.11 trillion, a 3.2% increase from N1.07 trillion in H1 2025. The growth was supported by interest income of approximately N873.39 billion, up 7.5% from N812.36 billion in H1 2025.
Interest expenses rose by 24.24% to N223.79 billion, resulting in a net interest income increase of 2.7% to N649.60 billion. The Group recorded a loan impairment charge of N18.72 billion, down 65.9% from N54.97 billion in H1 2025, indicating improved asset quality.
Operating expenses increased by 7.3% to N277.4 billion, influenced by higher regulatory charges and infrastructure costs. The Group's profit before tax was N603.03 billion, a slight increase of 0.35% from N600.90 billion in H1 2025.
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