Abuja: Guaranty Trust Holding Company Plc (GTCO) recorded a Profit Before Tax (PBT) of N603.03 billion for the half year ended June 30. The financial group declared an interim dividend of N1 per share for the same period.
According to News Agency of Nigeria,The PBT for the first half of the year marked a 0.4 percent increase from the N600.6 billion reported in the corresponding period of 2025. GTCO attributed this performance to a growth in interest and trading income, which rose by 7.5 percent and 24.7 percent, respectively. However, a N46.2 billion fair value loss during the first half tempered the earnings growth.
GTCO’s total assets increased to N18.6 trillion, with shareholders’ funds reported at N3.3 trillion by the end of June. The group’s capital adequacy ratio improved to 34.9 percent, compared to 29.2 percent for its banking segment. Asset quality also showed improvement, with IFRS 9 Stage 3 loans at 3.5 percent at the bank level and 4.6 percent at the group level, while the cost of risk decreased to 0.6 percent from 2.2 percent in the previous period.
The net loan book expanded marginally by 0.5 percent to N3.15 trillion, while deposits saw a stronger growth, increasing by 10.3 percent to N14.19 trillion. GTCO’s Group CEO, Mr. Segun Agbaje, emphasized the strength of the group’s business, highlighting the resilience and diversification of their financial services beyond banking.
Agbaje stated that despite fair value movements affecting earnings, the core business remained robust, with growth in interest and trading income, strengthened deposits, and improved asset quality. He underscored the importance of digital technology as a means to scale GTCO’s operations across various sectors, including Banking, Payments, Pension, and Funds Management.
GTCO reported a pre-tax return on equity of 35.9 percent, a pre-tax return on assets of 6.6 percent, and a cost-to-income ratio of 31.5 percent. The holding company operates a range of banking and non-banking financial services in Africa and the United Kingdom.