Stanbic IBTC Grows Profit by 52% to N278.476 Billion

Stanbic IBTC Grows Profit by 52% to N278.476 Billion

Stanbic IBTC Holdings Plc delivered a 52% surge in profitability in the nine months of financial year 2025, details from its financial statement submitted to the Nigerian Exchange revealed.

The diversified financial services group’s total income for the first nine months surged to N655.164 billion, up by 40.63% year on year from N465.861 billion in the equivalent period in 2024.

Reflecting Nigeria’s high interest rate environment, the group’s net interest income printed at N454.588 billion, a sharp increase of 80.5% from N251.850 billion in the comparable period in 2024.  

Trading revenue fell sharply by 236% year on year to N23.863 billion from N80.250 billion. Other revenue sources also declined to N7.429 billion from N10.293 billion.

As asset quality improved, Stanbic IBTC Holdings’ net impairment charges fell sharply by 80% year on year to N11.637 billion from N59.377 billion.

The group’s operational expenses came heavier in the year, up by 36% to N249.690 billion from N183.553 billion in the equivalent period in 2024.

Still, the group’s profit before tax surged to N393.837 billion from N222.931 billion.

Stanbic IBTC Holdings’ net income settled at N278.476 billion as against N182.871 billion posted in the comparable period in 2024. # Stanbic IBTC Grows Profit by 52% to N278.476 Billion PenCom to Clear All Gratuities, Arrears with N758bn FGN Bonds