Guaranty Trust Holding Company Plc’s (GTCO) Ghana subsidiary generated N112.91 billion in profit after tax in the primary 9 months of 2026, making it the most important earnings contributor among the many group’s reported offshore banking operations.
The subsidiary recorded profit earlier than tax of N173.71 billion and working earnings of N226.42 billion for the 9 months ended September 30, 2026, in response to GTCO’s unaudited monetary statements.
Its profit after tax rose by 13.2% from N99.70 billion recorded in the corresponding interval of 2025, offering a supply of earnings development for the group amid declining profitability in its Nigerian banking enterprise.
The efficiency underscores the contribution of GTCO’s worldwide banking operations throughout West Africa, East Africa and the United Kingdom, though its home enterprise stays a significant driver of group earnings.
Côte d’Ivoire, Gambia and Sierra Leone report income
Other West African subsidiaries additionally contributed to GTCO’s offshore earnings throughout the interval.
- Guaranty Trust Bank Côte d’Ivoire recorded profit after tax of N24.07 billion, whereas the Gambian subsidiary posted N19.13 billion and Sierra Leone generated N15.23 billion.
- The Liberia subsidiary contributed N9.15 billion in profit after tax.
Ghana’s N112.91 billion profit exceeded the mixed earnings of those 4 different West African subsidiaries, highlighting the market’s contribution to GTCO’s reported worldwide banking income.
East African operations ship blended outcomes
GTCO’s East African subsidiaries recorded various performances in the 9 months ended September 2026.
- Guaranty Trust Bank Kenya posted profit after tax of N7.63 billion, whereas its Tanzanian operation recorded a lack of N434.19 million.
- Tanzania was the one reported offshore subsidiary among the many markets highlighted to publish a loss throughout the interval.
GTBank UK additionally contributed to the group’s worldwide earnings, recording profit after tax of N5.76 billion.
Offshore earnings amid stress on group profit
GTCO reported consolidated profit earlier than tax of N879.90 billion for the 9 months ended September 30, 2026, down 2.3% from N900.80 billion recorded a yr earlier.
- Profit after tax fell by 12.2% to N614.57 billion from N699.64 billion, whereas curiosity bills rose by 27.7% to N356 billion from N278.73 billion.
- The group’s Nigerian banking subsidiary generated N480.89 billion in profit after tax, in contrast with N112.91 billion from Ghana.
- However, Nigeria’s profit after tax declined from N506.63 billion in the corresponding interval of 2025, whereas Ghana’s earnings elevated from N99.70 billion.
- The contrasting performances present that Ghana’s banking enterprise recorded profit development as earnings from the Nigerian operation weakened, offering a distinct earnings trajectory throughout GTCO’s main markets.
The reported figures cowl chosen offshore subsidiaries and don’t present an entire breakdown of earnings from each worldwide market in which the group operates.
