GTCO Posts FY2024 Pre-Tax Profit of NGN 1.27 Trillion, Up 107.8%

Guaranty Trust Holding Company posted FY2024 PBT of NGN 1.27 trillion — an increase of 107.8% year on year. The result was published on 28 March 2025.

Gross earnings for the year reached NGN 2.15 trillion, up 81.1% year on year. Net interest income, the largest single income line, rose 142.4% to NGN 1.06 trillion. Group CEO Segun Agbaje said the performance underscored "the resilience and depth of our business, driven by a well-diversified earnings base across our banking and non-banking subsidiaries".

EFFICIENCY AND RETURNS

GTCO's cost-to-income ratio stood at 24.1%.

Pre-tax return on average equity reached 60.5% and pre-tax return on average assets 10.3%.

NON-BANKING SUBSIDIARIES

The holding company's non-banking subsidiaries include HabariPay, Guaranty Trust Fund Managers and Guaranty Trust Pension Managers.