Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements as of March 31, 2026, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
The Group posted Profit Before Tax of ₦302.9billion on the back of strong performance posted on the core earnings lines of interest income and fee income which grew y-o-y by 17.5% and 7.1% respectively. Earnings capacity was driven by 1.3% growth in the Group’s Loan book (net) from ₦3.13trillion as of December 2025 to ₦3.17trillion in March 2026, enabled by 6.3% growth in Deposit liabilities from ₦12.87trillion to ₦13.69trillion during the same period.
Total assets and shareholders’ funds closed at ₦18.7trillion and ₦3.6trillion, respectively. Capital Adequacy Ratio (CAR) remained very strong, closing at 39.5%, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 4.4% % in Q1-2026 (5.0% in December 2025). Cost of Risk (COR) equally improved to 0.2% from 2.2% in December 2025.
The Group recorded growths across all its Asset lines and continues to maintain a well-structured, healthy liquid and diversified balance sheet in all the jurisdictions wherein it operates a Banking franchise, as well as across its Payments, Pension and Funds Management business verticals.
Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said: “Our Q1 2026 results mark a defining shift in the quality and composition of our earnings, with strong underlying performance across our core banking operations and increasing contribution from our ecosystem businesses. Building on the momentum from prior periods, we delivered solid growth across our core income lines, supported by disciplined execution and a well-diversified, strong, and healthy balance sheet.
He further added: “Our focus remains on driving sustainable earnings by deepening customer relationships, rapidly scaling our ecosystem businesses, and deploying technology to deliver simpler, faster, and more intuitive financial solutions. We see significant headroom across payments, wealth management, and banking, both in Nigeria and across our West and East African markets, and we are deliberately positioning the Group to capture these opportunities while sustaining strong, long-term value creation.’
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 34.4%, Pre-Tax Return on Assets (ROAA) of 6.6%, Capital Adequacy Ratio (CAR) of 39.5% 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. The Group is committed to delivering long-term value to stakeholders while driving growth and development across its markets.
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