Guaranty Trust Holding Company (GTCO), Nigeria’s third largest bank by market capitalisation has reported a 7.7% slide in profit after tax in the first half (H1) of 2026, amid a seeming struggle by the bank to reignite growth.
Profit for the period fell to ₦414.18 billion from ₦449 billion in H1, 2025, led by a slide in net fee and commission income by 8.98 percent to ₦123 billion, from ₦135.17 billion in the earlier period.
Established Nigerian lenders such as GTCO are facing intense competition from fintechs whose mobile friendly platforms have drawn millions of young Nigerians and business owners for their efficiency and ease of transactions.
Flat Loan Growth
GTCO struggled to grow its loan book in the period as Loans and advances to customers were flat at ₦3.14 trillion as at June 2026, from ₦3.13 trillion in December 2025.
Deposits from customers grew by 11.3% in the period to ₦13.96 trillion from ₦12.54 trillion in December 2025, one bright spot amid intense competition from Fintechs like Opay and MoniePoint.
During the period under review, Directors proposed the payment of an interim dividend in the sum of ₦1.00 per ordinary share on the issued capital, payable to the Shareholder on the register of shareholding at the closure date.
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