By Admin | Tuesday, Sept 29, 2026
LAGOS, NIGERIA — Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2026, to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE).
The Group posted a profit before tax (PBT) of ₦603.03 billion, driven by strong performance across interest and trading income lines, which grew year-on-year (y-o-y) by 7.5% and 24.7%, respectively. The strong core earnings performance was moderated by a ₦46.2 billion fair value loss recognized in H1 2026, limiting y-o-y PBT growth to 0.4%.
The Group recorded growth across its asset lines, reinforcing a balance sheet that remains well-structured, liquid, and diversified. This expansion was achieved across all operating banking jurisdictions and within its Payments, Pension, and Funds Management businesses.
Total assets and shareholders’ funds closed at ₦18.6 trillion and ₦3.3 trillion, respectively.
The Capital Adequacy Ratio (CAR) remained very strong at 34.9% (Bank: 29.2%). Asset quality also improved at the Group level, with IFRS 9 Stage 3 Loans closing at 4.6% (Bank: 3.5%), compared to 5.0% for the Group and 3.4% for the Bank in FY 2025. Cost of Risk (COR) improved significantly to 0.6% from 2.2% over the same period.
The Group’s net loan book grew marginally by 0.5% from ₦3.13 trillion in December 2025 to ₦3.15 trillion in June 2026. Conversely, deposit liabilities experienced stronger growth, rising 10.3% from ₦12.87 trillion to ₦14.19 trillion over the same period.
Commenting on the results, the Group Chief Executive Officer of GTCO Plc, Mr. Segun Agbaje, said:
“Our half-year results speak to the strength of what we have built: a resilient franchise, a strong balance sheet, and a business that no longer depends on banking alone.
Fair value movements weighed on reported earnings, but the core business held firm. Interest and trading income grew, deposits strengthened, and asset quality improved at the Group level. The priority now is to execute with discipline and grow responsibly. Digital is our lever for scaling across Banking, Payments, Pension, and Funds Management, and for building a more diversified and resilient financial services group.”
Overall, the Group continues to post benchmark metrics in the Nigerian Financial Services Industry, including a Pre-Tax Return on Average Equity (ROAE) of 35.9%, Pre-Tax Return on Average Assets (ROAA) of 6.6%, a Capital Adequacy Ratio (CAR) of 34.9% (Bank: 29.2%), and a Cost-to-Income Ratio of 31.5%.
GTCO Plc is a leading financial services group with operations across Africa and the United Kingdom. Renowned for its strong corporate governance, innovative financial solutions, and customer-centric approach, the Group provides a wide range of banking and non-banking services, including payments, funds management, and pension fund administration.
The Group remains committed to delivering long-term value to stakeholders while driving growth and development across its markets.