Stanbic IBTC records N25bn profit

Stanbic IBTC Holdings on Monday posted a profit before tax (PBT) of N24.70 billion for the six months ended June 30.

This was stated in the bank’s consolidated and separate interim financial statements signed by the Company Secretary, Mr Chidi Okezie as posted on the website of the Nigerian Exchange (NGX) Limited in Lagos.

The Group PBT represents a decrease of 52.85 per cent for the period ended June 30, compared to N52.40 billion recorded in the comparative period of 2020.

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