Guaranty Trust Holding Company Plc (GTCO) has released its audited consolidated and separate financial statements for the period ended June 30, 2026. The group posted a profit before tax of N603.03 billion, driven by strong performance recorded on the interest and trading income lines, which grew year-on-year by 7.5% and 24.7%, respectively.
Despite the strong earnings, the group recognized a N46.2 billion fair value loss in H1-2026, limiting year-on-year growth in profit before tax 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 GTCO operates a banking franchise and across its Payments, Pension, and Funds Management businesses.
GTCO's total assets and shareholders' funds closed at N18.6 trillion and N3.3 trillion, respectively. The 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.
The group's loan book (net) grew marginally by 0.5% from N3.13 trillion as of December 2025 to N3.15 trillion in June 2026. Conversely, deposit liabilities grew by 10.3% from N12.87 trillion to N14.19 trillion during the same period. The group's Cost of Risk (COR) improved to 0.6% from 2.2% during the same period.
Commenting on the results, GTCO's Group Chief Executive Officer, Mr. Segun Agbaje, said that the half-year results reflect the strength of the group's resilient franchise, strong balance sheet, and diversified business. He emphasized that the priority now is to execute with discipline and grow responsibly, leveraging digital solutions to scale across banking, payments, pension, and funds management.
GTCO continues to post one of the best metrics in the Nigerian Financial Services Industry, with key financial ratios including a 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, and is committed to delivering long-term value to stakeholders while driving growth and development across its markets.
Key points
- GTCO reports a profit before tax of N603.03 billion for H1 2026.
- The group's total assets and shareholders' funds closed at N18.6 trillion and N3.3 trillion, respectively.
- GTCO's Capital Adequacy Ratio (CAR) remained strong at 34.9% (Bank 29.2%).
