GTCO Plc has unveiled its second-quarter audited financial results, showcasing an impressive pre-tax profit of N494.5 billion. This figure is nearly double the pre-tax profit reported in the same period last year, setting a new benchmark for financial performance. The bank’s second-quarter results represent the strongest performance to date by any financial holding company or bank in Nigeria.
The exceptional performance follows a stellar first quarter, where GTCO reported a record N509.3 billion in pre-tax profit. This cumulative success has propelled the bank to an unprecedented N1 trillion in pre-tax profit for the first half of 2024. This milestone highlights GTCO’s remarkable financial strength and operational excellence, reinforcing its leadership position in the Nigerian banking sector.
