8 Banks’ Profit Rises 12.5% To N3.47trn As Loans Hit N61.26trn

Eight Nigerian banks recorded a combined profit after tax of N3.47 trillion in the nine months ended September 30, 2026, representing a 12.5 per cent increase from N3.08 trillion recorded in the corresponding period of 2025, as improved earnings from First HoldCo, Wema Bank and Stanbic IBTC boosted overall profitability.
The growth in earnings came alongside an expansion in the banks’ combined loan portfolios to N61.26 trillion, up 4.9 per cent from N58.37 trillion recorded a year earlier, reflecting increased lending activities amid rising customer deposits.
An analysis of the unaudited nine-month financial statements of Guaranty Trust Holding Company (GTCO), Zenith Bank, Access Hold...