Guaranty Trust Holding Company Plc (GTCO) has released its audited consolidated and separate financial statements for the period ended June 30, 2026.
The result released to the Nigerian Exchange Limited (NGX) and London Stock Exchange (LSE) shows the Group posted a profit before tax (PBT) of N603.03 billion, driven by strong performance recorded on the interest and trading income lines, which grew year-on-year (y-o-y) by 7.5 percent and 24.7 percent, respectively.
The strong earnings recorded was moderated by a N46.2 billion fair value loss recognised in H1-2026, limiting y-o-y growth in PBT to 0.4 percent.
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 N18.6trillion and N3.3trillion, respectively. Capital Adequacy Ratio (CAR) remained very strong, closing at 34.9 percent (Bank 29.2 percent ), and asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.5 percent and 4.6 percent at both Bank and Group Level in H1-2026 (Bank -3.4 percent, Group 5 percent in FY-2025). Cost of Risk (COR) improved to 0.6 percent from 2.2 percent during the same period.
The Group’s Loan book (net) grew marginally by 0.5 percent from N3.13trillion as of December 2025 to N3.15trillion in June 2026, converse for improved performance on Deposit liabilities which grew by 10.3 percent from N12.87trillion to N14.19trillion during the same period.
Commenting on the results, Segun Agbaje, group chief executive officer of Guaranty Trust Holding Company Plc (GTCO Plc) 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,’ he said.
Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios – that is, Pre-Tax Return on Equity (ROAE) of 35.9 percent, Pre-Tax Return on Assets (ROAA) of 6.6 percent, Capital Adequacy Ratio (CAR) of 34.9 percent (Bank: 29.2 percent) and Cost to Income ratio of 31.5 percent.