By Peter Egwuatu
Guaranty Trust Holding Company Plc , GTCO has recorded Group profit before tax, PBT of N603.03 billion, in the first half 2026,H1’26, driven by strong performance on the interest and trading income lines, which grew Year on Year, YoY by 7.5% and 24.7%, respectively.
The strong earnings recorded were moderated by a N46.2 billion fair value loss recognized in H1’26, limiting YoY growth in PBT to 0.4%.
The Audited Consolidated and Separate Financial Statements for the period ended June 30, 2026, sent to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), showed that the 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% (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 Loanbook (net) grew marginally by 0.5% from N3.13 trillion as of December 2025 to N3.15 trillion in June 2026, converse for improved performance on deposit liabilities which grew by 10.3% from N12.87trillion to N14.19 trillion during the same period.
Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO Plc), Mr. SegunAgbaje, 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%.
