Sign in
GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%
Credit profile

Guaranty Trust Holding Co.

Proshare Rating
Aa2.ng
1Y PD
0.60%
LGD
30%
Spread
240 bps
Outstanding
₦480.00B
Watchlist
Stable

Thesis

Best-in-class returns, conservative risk culture, low cost-to-income; HoldCo structure unlocks non-bank growth optionality.

Strengths
  • • CAR 24% vs 15% min
  • • ROAE > 35%
  • • Stable CASA franchise
  • • Diversified HoldCo earnings
Risks
  • • FX revaluation drag
  • • Concentration in upstream oil
  • • Operational risk in Pan-Africa expansion

External ratings

  • FitchBStable
  • AgustoAaStable
Last reviewed 2026-05-12