Stanbic IBTC Holdings
Stanbic IBTC gross earnings up 2.8% to 117.3bn as interest income improves due to growth of loans
Stanbic IBTC Holdings' gross earnings rose by 2.8 per cent in the first half of the year. However, its profit before tax decreased by 11.99 per cent for the period ended 30 June 2019. To discuss the facts behind the numbers, Adekunle Adedeji, Chief Financial Officer of Stanbic IBTC Bank joins CNBC Africa for more.
Stanbic IBTC post a rise in full-year earnings
Stanbic IBTC Holdings, a member of the Standard Bank group recorded a 4.7 per cent rise in their full-year gross earnings to N222.4 billion naira while profit after tax climbed 53.7 per cent year on year.