GTCO’s total assets crosses N18trn in H1 2026
Guaranty Trust Holding Company Plc (GTCO) on Monday 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).
Group’s Total assets and shareholders’ funds closed at N18.6 trillion and N3.3trillion, respectively. Capital Adequacy Ratio (CAR) remained very strong, closing at 34.9per cent (Bank 29.2per cent), and asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.5per cent and 4.6 per cent at both Bank and Group Level in H1-2026 (Bank -3.4per cent, Group five per cent in 2025). Cost of Risk (COR) improved to 0.6per cent from 2.2per cent during the same period.
The Group’s Loan book (net) grew marginally by 0.5per cent 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 per cent From N12.87trillion to N14.19trillion during the same period.
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 y-o-y by 7.5per cent and 24.7per cent, respectively. The strong earnings recorded was moderated by a N46.2 billion fair value loss recognized in H1-2026, limiting y-o-y growth in PBT to 0.4 per cent.
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.
Commenting on the results, the Group Chief Executive Officer of GTCO, Mr. Segun Agbaje, in a statement 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 35.9per cent, Pre-Tax Return on Assets (ROAA) of 6.6per cent, Capital Adequacy Ratio (CAR) of 34.9per cent (Bank: 29.2per cent) and Cost to Income ratio of 31.5per cent.
