Yinka Sanni, CEO Stanbic IBTC Holdings

Stanbic IBTC CEO says bank remains strong, stable

The Chief Executive Officer, Stanbic IBTC Holdings Plc, Yinka Sanni has stated that the bank remains strong and stable as he assures stakeholders on improve performance.

Sanni said that the bank has been able to facilitate a staggering $589.84 million capital inflow into the country during the second quarter of this year.

In the first half of financial year, Stanbic achieved a profit of N36 billion. The strong performance recorded across key indicators encourages directors to approve an interim dividend.

In the period, Stanbic rewarded shareholders with N10.2 billion at 100 kobo per share.

“We remain committed to operating to the highest level of corporate governance standards while delivering sustainable long-term value to clients and other stakeholders through world-class innovative operations and our customer-centric approach,” Sanni assured.

The Bank chief said the Group’s achievements are an indication that its strategy is delivering on set goals and objectives.

He assured that the organisation will continue to invest in its people, processes, and its communities to ensure business sustainability.

He said over the last 30 years, Stanbic IBTC has built a culture of excellence in providing its clients with innovative financial products and services as well as contributing to the attainment of the developmental aspirations of the country.

According to him: “Stanbic IBTC has grown steadily from its early days as a merchant bank to a leading end-to-end financial services provider in the country today, with a balance sheet size close to N2 trillion and a market capitalisation valued at approximately N500 billion in December 2018.”

He explained that the bank, in a clear demonstration of its confidence in Nigeria, facilitated a staggering $589.84 million capital inflow into the country during the second quarter of this year. Indeed, it ranked first among financial institutions that imported capital into Nigeria.

Sanni said the bank is equally determined to help grow and develop a vibrant and productive youth population through sponsorship of projects such as the Higher Institutions Football League billed to run till 2023.

Stanbic IBTC CEO says bank remains strong, stable

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