Guaranty Trust Holding Company Plc (GTCO) recorded a 506% increase in interest income. Revenue rose from N77.04 billion in Q1 2020 to N467 billion in Q1 2026. Net interest income climbed to N356.29 billion from N64.28 billion during the same period.
Higher interest rates and an expansion of earning assets drove the growth. The group also achieved stronger yields on loans and investments. Loan interest income grew by 24.8%, while interest from cash equivalents and placements increased by 30.5%.
Guaranty Trust Bank doubled its international spending limit on naira cards to $40,000 per quarter. This performance reflects a broader trend of Nigerian banks benefiting from high interest rates. Improved returns on lending and investment activities continue to drive sector-wide gains.