Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
The Group reported profit before tax of N300.4billion on the back of strong performance posted on the core earnings lines of interest income which grew y-o-y by 41.1% and fee income up by 41.2%.
The strong performance enabled the group to douse the impact of the N331.6billion fair value gains recognised in Q1-2024 which did not recur in Q1-2025.
The Group’s loan book (net) increased by 15.6% from N2.79trillion recorded as at December 2024 to N3.22trillion in March 2025, while deposit liabilities grew by 7.7% from N10.40trillion to N11.20trillion during the same period. The Group recorded growth across all its asset lines and continues to maintain a robust, well-structured, highly de-risked, and well-diversified balance sheet in all the jurisdictions wherein it operates.
Total assets and shareholders’ funds closed at N15.9trillion and N3.0trillion, respectively. Full Impact Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 34.6%, equally asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.3% at Bank Level and 4.5% % at Group in Q1-2025 (Bank -3.5% (Group- 5.2% in December 2024) and Cost of Risk (COR) closed at 0.4% from 4.9% in December 2024.
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