Guaranty Trust Holding Company Plc’s (GTCO) Ghana subsidiary generated N112.91 billion in profit after tax in the first nine months of 2026, making it the largest earnings contributor among the group’s reported offshore banking operations.
The subsidiary recorded profit before tax of N173.71 billion and operating income of N226.42 billion for the nine months ended September 30, 2026, according to GTCO’s unaudited financial statements.
Its profit after tax rose by 13.2% from N99.70 billion recorded in the corresponding period of 2025, providing a source of earnings growth for the group amid declining profitability in its Nigerian banking business.
The performance underscores the contribution of GTCO’s international banking operations across West Africa, East Africa and the United Kingdom, although its domestic business remains a major driver of group earnings.
Other West African subsidiaries also contributed to GTCO’s offshore earnings during the period.
Ghana’s N112.91 billion profit exceeded the combined earnings of these four other West African subsidiaries, highlighting the market’s contribution to GTCO’s reported international banking profits.
GTCO’s East African subsidiaries recorded varying performances in the nine months ended September 2026.
GTBank UK also contributed to the group’s international earnings, recording profit after tax of N5.76 billion.
GTCO reported consolidated profit before tax of N879.90 billion for the nine months ended September 30, 2026, down 2.3% from N900.80 billion recorded a year earlier.
The reported figures cover selected offshore subsidiaries and do not provide a complete breakdown of earnings from every international market in which the group operates.
