Decline in Loan Impairment Charges of Eight Banks By 46.9% Lifts Profit Before Tax to N4.8tn
Kayode Tokede Eight Nigerian banks reported a 46.9 per cent decline in loan impairment charges to N1.01 trillion in the nine months ended September 2026, compared with N1.91 trillion in
Nigerian banks have reported a 46.9 percent decline in loan impairment charges to N1.01 trillion in the nine months ended September 2026, compared to N1.91 trillion in the same period of 2025. This significant reduction in impairment charges helped lift the combined profit before tax (PBT) of the eight banks by 12.2 percent to N4.8 trillion, from N4.3 trillion in the corresponding period of 2025.
The eight banks included Jaiz Bank Plc, Zenith Bank Plc, Ecobank Transnational Incorporated, First HoldCo Plc, Guaranty Trust Holding Company (GTCO) Plc, Access Holdings Plc, Wema Bank Plc, and Sterling Financial Holdings Plc. Lower impairment charges at GTCO, Access Holdings, Zenith Bank, and First HoldCo supported their combined profitability, although earnings growth sources varied across the groups.
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