The Group disclosed the results in its Audited Consolidated and Separate Financial Statements released to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
By Frank Ulom
·
Published on September 29, 2026
·
3 min read
Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax (PBT) of ₦603.03 billion for the half year ended June 30, 2026.
The Group disclosed the results in its Audited Consolidated and Separate Financial Statements released to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
GTCO said the performance was driven by growth in interest and trading income, which increased year-on-year by 7.5 per cent and 24.7 per cent, respectively.
However, a ₦46.2 billion fair value loss recognised during the first half of 2026 moderated the Group’s earnings performance, limiting year-on-year growth in profit before tax to 0.4 per cent.
The Group’s total assets rose to ₦18.6 trillion, while shareholders’ funds stood at ₦3.3 trillion.
Its Capital Adequacy Ratio (CAR) remained strong at 34.9 per cent at Group level and 29.2 per cent at the Bank level.
GTCO also reported an improvement in asset quality, with IFRS 9 Stage 3 loans closing at 3.5 per cent for the Bank and 4.6 per cent for the Group in the first half of 2026.
This compares with 3.4 per cent and 5.0 per cent, respectively, recorded by the Bank and Group at the end of 2025.
The Group’s Cost of Risk also improved significantly, falling to 0.6 per cent from 2.2 per cent during the corresponding period.
GTCO’s net loan book increased marginally by 0.5 per cent, from ₦3.13 trillion in December 2025 to ₦3.15 trillion by June 2026.
Deposit liabilities, however, recorded stronger growth, rising by 10.3 per cent from ₦12.87 trillion at the end of 2025 to ₦14.19 trillion at the end of June 2026.
Commenting on the results, Group Chief Executive Officer of GTCO Plc, Mr Segun Agbaje, said the performance reflected the resilience of the Group’s franchise and balance sheet.
“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,” Agbaje said.
He said fair value movements affected reported earnings, but added that the Group’s core business remained resilient, with growth in interest and trading income, stronger deposits and improved asset quality 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,” he said.
GTCO said it continued to record strong financial ratios across key performance indicators in the Nigerian financial services industry.
The Group recorded a pre-tax return on equity (ROAE) of 35.9 per cent, pre-tax return on assets (ROAA) of 6.6 per cent, a capital adequacy ratio of 34.9 per cent at Group level and 29.2 per cent at Bank level.
Its cost-to-income ratio stood at 31.5 per cent.
The Group operates banking and financial services businesses across Africa and the United Kingdom, with activities spanning banking, payments, funds management and pension fund administration.
GTCO said its broader strategy remained focused on building a diversified financial services group, using digital platforms to expand its operations across its banking and non-banking businesses while delivering long-term value to stakeholders.
