Kayode Tokede
Guaranty Trust Holding Company Plc (GTCO) yesterday launched its unaudited consolidated and separate monetary statements as of September 30, 2026, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE) with a Profit Before Tax of N879.9 billion.
The N879.9 billion PBT was pushed by sustained development throughout its core earnings traces, with curiosity earnings, charges and fee earnings and buying and selling earnings rising year-on-year by 5 per cent, 1.4per cent and three.1per cent respectively.
This resilient efficiency was delivered regardless of a N87.9 billion honest worth loss recognised in the interval, with PBT moderating barely by 2.3per cent from N900.8 billion in Q3 2025.
The Group’s Total Assets grew by 3.5per cent to N18.37 trillion from N17.76 trillion December 2025, whereas Shareholders’ funds closed at N3.5 trillion.
Capital Adequacy Ratio (CAR) remained very sturdy at 34.2per cent (Bank: 33.9per cent), and asset high quality improved, with IFRS 9 Stage 3 Loans closing at 4 per cent at Group degree (FY 2025: 5 per cent) and three.4per cent at Bank degree (FY 2025: 3.4per cent).
Cost of Risk (COR) additionally improved to 0.9per cent from 2.2per cent over the identical interval, whereas protection for credit-impaired loans closed at 130.7per cent (FY 2025: 106.9per cent).
Deposit liabilities grew by 8.6per cent from N2.87 trillion in December 2025 to N13.98 trillion in September 2026, reflecting the continued power of the Group’s deposit franchise, whereas the web mortgage ebook moderated by 4.1per cent to N3.00 trillion, in line with the Group’s disciplined method to threat asset creation.
Earnings high quality additionally improved, with funded earnings rising to 77.8per cent of gross earnings and internet core earnings rising by 4.4per cent to N1.505 trillion, whereas Profit After Tax closed at N614.6 billion (Q3 2025: N699.6 billion), reflecting adjustments to Companies Income Tax regulation which affected capital allowance reliefs.
The Group continues to keep up a well-structured, wholesome, liquid and diversified steadiness sheet throughout all of the jurisdictions the place it operates a banking franchise, in addition to throughout its Payments, Pension and Funds Management companies
Commenting on the outcomes, the Group Chief Executive Officer of GTCO, Mr. Segun Agbaje, in an announcement stated: “Our efficiency in the Q3 displays the power of a franchise constructed on scale, effectivity and self-discipline.
Despite a difficult working surroundings and vital honest worth losses in the interval, our core earnings continued to develop, our deposit base expanded strongly, our price effectivity stays among the many finest in the trade, and our steadiness sheet stays sturdy, liquid and effectively capitalised.
“Looking forward, we’ll all the time optimise risk-free returns wherever we see them and can all the time be positioned to make the most of arbitrage alternatives as market situations evolve, with out compromising the standard of our threat belongings.
“We will also continue to evolve our platforms and adapt to new technologies to meet the changing needs of our customers, as we remain focused on delivering sustainable value and superior returns to our shareholders.”
Overall, the Group continues to submit a number of the finest metrics in the Nigerian Financial Services Industry, with a Pre- Tax Return on Average Equity (ROAE) of 34per cent, Pre-Tax Return on Average Assets (ROAA) of 6.5per cent, Capital Adequacy Ratio (CAR) of 34.2per cent and Cost-to-Income Ratio of 31.2per cent.
