GTCO Reports ₦879.9 Billion Profit Before Tax in Nine Months

Guaranty Trust Holding Company Plc reported ₦879.9 billion in profit before tax for the nine months ended September 30, 2026, compared with ₦900.8 billion in the same period of 2025. Total assets rose 3.5% to ₦18.37 trillion, while shareholders’ funds stood at ₦3.5 trillion. Deposit liabilities also grew 8.6% to ₦13.98 trillion, although the net loan book declined 4.1% to ₦3 trillion as the group maintained a cautious lending approach. Profit after tax fell to ₦614.6 billion from ₦699.6 billion a year earlier, which GTCO linked partly to changes in companies income tax rules affecting capital-allowance reliefs. The group said its core earnings, capital position and asset quality remained strong despite fair-value losses during the period. Is the lower profit after tax a concern, or does GTCO’s stronger deposits and core earnings tell a more positive story?

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