Fidelity Bank Champions Digital Adoption, Sustainable Growth for Lagos SMEs
Leading financial institution, Fidelity Bank Plc, has called on Small and Medium-scale Enterprises (SMEs) to embrace digital solutions, maintain sound...
Banking
Fidelity Bank bag double honours at 2026 BAFI Awards
Photo caption:Mobolaji Sunmoni, Team Lead, Upstream; Abimbola Ogunyemi, Team Lead, Downstream 1; Tomilola Onasanya, Team Lead, Downstream 2 (all of...
Fidelity Bank celebrates beauty industry excellence at Beauty in the Motherland dinner
Photo caption:Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali-Ikpe (middle), receiving a special recognition award for her leadership and...
Shareholders Commend Fidelity Bank’s Strong Performance
L – R: Kevin Ugwuoke, Executive Director, Risk Management; Stanley Amuchie, Executive Director/Chief Operations and Information Officer; Nneka Onyeali-Ikpe, Managing...
Stanbic IBTC champions equitable climate transition at Sustainable Finance Summi3.0
Stanbic IBTC Holdings, A member of Standard Bank Group has concluded the third edition of its flagship Sustainable Finance Summit,...
Fidelity Bank to Convene Lagos Entrepreneurs for Sustainable Business Growth
Leading financial institution, Fidelity Bank Plc, is set to host the Lagos edition of its Quarterly Business Forum, bringing together...
Stanbic IBTC Bank Nigeria PMI® Strongest growth of output since February 2022
September data signalled strengthening growth momentum in Nigeria's private sector as a rapid rise in new orders spurred the fastest...
Polaris Bank Takes Customer Service to “The Extra Mile”
Polaris Bank is set to join organisations around the world in celebrating the 2026 Customer Service Week, holding from October...
GTCO Plc Releases 2026 Half Year Audited Results
…….. Reports Profit Before Tax of ₦603.03billion, Pays Interim Dividend of ₦1 Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has 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). The Group posted a profit before tax of ₦603.03 billion, driven by strong performance recorded on the interest and trading income lines, which grew y-o-y by 7.5% and 24.7%, respectively. The strong earnings recorded was moderated by a ₦46.2 billion fair value loss recognized in H1-2026, limiting y-o-y growth in PBT to 0.4%. 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." Group’s Total assets and shareholders’ funds closed at ₦18.6trillion and ₦3.3trillion, respectively. Capital Adequacy Ratio (CAR) remained very strong, closing at 34.9% (Bank 29.2%), and asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.5% and 4.6% % at both Bank and Group Level in H1-2026 (Bank -3.4%, Group 5.0% in FY-2025). Cost of Risk (COR) improved to 0.6% from 2.2% during the same period. The Group’s Loan book (net) grew marginally by 0.5% from ₦3.13trillion as of December 2025 to ₦3.15trillion in June 2026, converse for improved performance on Deposit liabilities which grew by 10.3% from ₦12.87trillion to ₦14.19trillion during the same period. Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO Plc), Mr. Segun Agbaje, 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 35.9%, Pre-Tax Return on Assets (ROAA) of 6.6%, Capital Adequacy Ratio (CAR) of 34.9% (Bank: 29.2%) 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 ...
FirstBank Reassures Customers on the Security of FirstMobile Application
FirstBank has noted a recent voice message circulating on WhatsApp alleging that the FirstMobile application has been compromised. We wish...
At 60, Aigboje Aig-Imoukhuede Reflects on a Life of Building Institutions, People and Possibilities
Aigboje Aig-Imoukhuede, today, marks his 60th birthday with a deeply personal reflection on a life shaped by faith, family, service...
Why the Right Community Could Be a Woman’s Greatest Advantage
For generations, women have been encouraged to work harder, save more and persevere. Yet personal determination, while essential, cannot overcome...
FirstEase: How FirstBank Is Making Big-Ticket Purchases and Everyday Bills Easier
For many Nigerians, buying a new smartphone, laptop, television, refrigerator or other essential household appliance can become a difficult financial...
Stanbic IBTC Reinforces Capital Markets Leadership Through Dangote Refinery IPO
Stanbic IBTC Holdings PLC has reinforced its position as a leading end-to-end financial services provider through its pivotal role in...
Stanbic IBTC drives Nigeria–China collaboration for sustainable growth at Business Without Borders
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, recently hosted key stakeholders from the public and private sectors at...
