….. Reports Profit Before Tax of ₦603.03billion,
Pays Interim Dividend of ₦1
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 London Stock Exchange (LSE).
The Group posted a profit before tax of ₦603.03 billion, driven by strong performance recorded on the interest and trading income lines, which grew y-o-y by 7.5% and 24.7%, respectively. The strong earnings recorded was moderated by a ₦46.2 billion fair value loss recognised in H1-2026, limiting y-o-y growth in PBT to 0.4%.
The Group grew across
its asset lines, reinforcing a balance sheet that is well structured, liquid
and diversified. This growth was recorded in each jurisdiction where we operate
a banking franchise, and across our Payments, Pension and Funds Management
businesses."
Group’s Total assets
and shareholders’ funds closed at ₦18.6trillion and ₦3.3trillion, respectively.
Capital Adequacy Ratio (CAR) remained very strong, closing at 34.9% (Bank
29.2%), and asset quality improved as evidenced by IFRS 9 Stage 3 Loans, which
closed at 3.5% and 4.6% % at both Bank and Group Level in H1-2026 (Bank -3.4%,
Group 5.0% in FY-2025). Cost of Risk (COR) improved to 0.6% from 2.2% during
the same period.
The Group’s Loan book
(net) grew marginally by 0.5% from ₦3.13trillion as of December 2025 to
₦3.15trillion in June 2026, conversely for improved performance on Deposit
liabilities which grew by 10.3% from ₦12.87trillion to ₦14.19trillion during
the same period.
Commenting on the
results, the Group Chief Executive Officer of Guaranty Trust Holding Company
Plc (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 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 one of the best metrics in the Nigerian Financial Services
Industry in terms of key financial ratios i.e., Pre-Tax Return on Equity (ROAE)
of 35.9%, Pre-Tax Return on Assets (ROAA) of 6.6%, Capital Adequacy Ratio (CAR)
of 34.9% (Bank: 29.2%) and 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 is
committed to delivering long-term value to stakeholders while driving growth
and development across its markets
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