Five lenders post N2.29tn profit in six months

Five financial institutions recorded a combined profit before tax of approximately N2.29 trillion in the first half of 2026, with the lenders posting varying levels of profitability growth. The growth was supported by stronger interest income, trading gains, improved asset quality and expanding non-interest revenue. The five institutions surveyed by Daily Trust are FirstHoldCo Plc, Zenith Bank Plc, Guaranty Trust Holding Company Plc (GTCO), Stanbic IBTC Holdings Plc and Sterling Financial Holdings Company Limited. FirstHoldCo led the group with N653.5 billion, followed by Zenith Bank with N637.6 billion, GTCO with N603.03 billion, Stanbic IBTC with N341.57 billion and Sterling Financial with N55.5 billion.

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