Key statistics:

• Interest income grew by 17.5% year-on-year.
• Fee income rose by 7.1% year-on-year.
• The loan book increased by 1.3% to N3.17 trillion.
• Deposit liabilities grew by 6.3% to N13.69 trillion.
• Total assets stood at N18.7 trillion.
• Shareholders’ funds closed at N3.6 trillion.
• The Capital Adequacy Ratio remained at 39.5%.

GTCO’s financial statements reflect solid growth across its core income lines. The decline in IFRS 9 Stage 3 loans to 4.4% from 5.0% in December 2025 indicates improved asset quality. Additionally, the cost of risk improved significantly to 0.2%, down from 2.2% in December 2025.

Mr. Segun Agbaje, CEO of GTCO, emphasized the importance of these results, stating, “Our Q1 2026 results mark a defining shift in the quality and composition of our earnings.” He noted the company’s focus on driving sustainable earnings through customer relationships and technology deployment.

The outlook remains positive as GTCO sees significant headroom across payments and wealth management sectors in Nigeria and other African markets.

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