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Banking
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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
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2026/2027 Academic Session: How Smart School Proprietors Are Positioning for Success
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Why You Shouldn’t Miss FirstBank’s Agric and Export Expo 2026
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FirstBank Empowers SMEs with Practical Sales Strategies at Upcoming SMEConnect Webinar
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Access Holdings Board Approves Audited H1 2026 Financial Statements
The Board of Directors of Access Holdings Plc (“Access Holdings” or “the Company”) has approved the Group’s Audited Interim Consolidated and Separate Financial Statements for the half-year ended 30 June 2026. The financial statements were considered and approved by the Board at its meeting held on 27 August 2026 and will now proceed through the required regulatory process, including approval by the Central Bank of Nigeria (“CBN”). Following receipt of the CBN’s approval, Access Holdings will publish the audited financial statements through the Nigerian Exchange Limited (“NGX”) and make them available to shareholders, investors and other stakeholders through the Group’s established communication channels. The process reflects Access Holdings’ commitment to strong governance, regulatory compliance and transparent engagement with its stakeholders as it continues to build a more connected and resilient financial services group serving Africa and its international markets. In accordance with the NGX Issuers’ Rules, Access Holdings will remain in a closed period until 24 hours after the audited financial statements have been released to the public. During this period, directors, insiders and their connected persons are prohibited from dealing, directly or indirectly, in the securities of Access Holdings Plc.
