GT: Nigeria’s Most Valuable Bank Keeps Minting Cash

Warranty Belief Holding Firm reported a revenue earlier than tax of N300.4 billion, indicating stability in its core earnings and ongoing management in Nigeria’s monetary providers sector.

In line with the outcomes submitted to the London Inventory Change and the Nigerian Change Group, GTCO’s curiosity earnings elevated by 41% year-over-year, whereas payment and fee earnings rose by 42%. The non-recurrence of a one-time truthful worth acquire of N331.6 billion recorded within the first quarter of 2024 partially mitigated these earnings.

The Group’s web mortgage ebook elevated by 15.6 p.c, from N2.79 trillion as of December 2024 to N3.22 trillion by the top of March 2025.

Buyer deposit liabilities additionally improved through the reviewed interval, rising from N10.40tn to N11.20tn, a 7.7 p.c improve. The closing worth of the shareholders’ funds was N3 trillion, whereas the overall belongings reached N15.9 trillion.

GT’s Full Impression Capital Adequacy Ratio closed at 34.6 p.c, effectively above the authorized minimal, demonstrating a powerful capital base.

The Group additionally famous enhancements in asset high quality, as IFRS 9 Stage 3 loans decreased to 4 p.c on the Group degree (from 5 p.c in December 2024) and three p.c on the Financial institution degree (from 3 p.c). “Our Q1 2025 efficiency demonstrates the resilience of all our enterprise verticals and our capability to provide strong and long-term earnings.”  Segun Agbaje stated.

A diversified income base and a sound, well-structured stability sheet supported the Group’s robust progress throughout most earnings strains, although the N331.6 billion in truthful worth beneficial properties reported in Q1 2024 didn’t happen this quarter. He additionally said, “We’re nonetheless hopeful concerning the coming 12 months. Our buyer base retains increasing, our enterprise’s basis is strong, and our strategic priorities are disciplined.”