GTCO’s Profit Before Tax dipped by 3.3% in 2022

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We will continue to prioritise innovation, service excellence, and execute seamlessly towards achieving our vision of leading financial services in Africa.

According to the financial institutions, the Group reported a net interest income of 30 billion for the year 2022 as against N220.61 billion posted in 2021 representing a growth of 17.54 per cent.

Guaranty Trust Holdings Company (GTCO) has reported a profit before tax of N214.2 billion during its 2022 financial year, representing a 3.3 per cent dip from N221.5 billion posted in the corresponding year ended December 2021.

GTCO in its audited consolidated and separate financial Statements for the year ended December 31, 2022, released to the Nigerian Exchange Limited (NGX) and London Stock Exchange (LSE).

Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO Plc), Mr.

Segun Agbaje, said the Groups ability to navigate the peculiar challenges in the different markets where it operates underscores its strong business fundamentals and unwavering commitment to sound business strategies.

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Despite the varying challenges and headwinds that weighed on growth in 2022, we were determined to deliver a decent performance and scale effectively to strengthen our competitive edge and drive longterm growth.

As an organisation, 2022 was quite significant for us being the first year after our corporate restructuring into a financial holding company in August 2021.