GTCO’s total assets grow 3.5 % to N18.37trn

By Peter Egwuatu Guaranty Trust Holding Company, GTCO Plc has recorded 3.5% growth in total assets to N18.37 trillion for the third quarter, Q3, 2026, from N17.76 trillion in December 2025. The company disclosed this in its results released to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), which showed that the company posted a Profit Before Tax of N879.9 billion, driven by sustained growth across its core earnings lines, with interest income, fees and commission income and trading income growing year-on-year by 5.0%, 1.4% and 3.1% respectively.

This resilient performance was delivered despite a N87.9 billion fair value loss recognised in the period, with PBT moderating slightly by 2.3% from N900.8 billion in Q3’2025. The company’s shareholders’ funds closed at N3.5 trillion, while Capital Adequacy Ratio (CAR) remained very strong at 34.2% and asset quality improved, with IFRS 9 Stage 3 Loans closing at 4.0% at Group level from 5.0 % in full year 2025 and 3.4% at Bank level.

Cost of Risk (COR) also improved to 0.9% from 2.2% over the same period, while coverage for credit-impaired loans closed at 130.7% from 106.9% in 2025. Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc Mr. Segun Agbaje, said: “Our performance in the Q3 reflects the strength of a franchise built on scale, efficiency and discipline.

Despite a challenging operating environment and significant fair value losses in the period, our core earnings continued to grow, our deposit base expanded strongly, our cost efficiency remains among the best in the industry, and our balance sheet remains strong, liquid and well capitalised. Looking ahead, we will always optimise risk-free returns wherever we see them and will always be positioned to take advantage of arbitrage opportunities as market conditions evolve, without compromising the quality of our risk assets.