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[Corporate Action] Stanbic Ibtc’s PAT Drops By 46% to N13 billion In Q3’2015

StanbicIbtc Holdings released its financial results for the nine months ended 30 September 2015. The result showed that Net interest income reduced by 5% from N34 billion in Q3’2014 to N34 billion in Q3’2015. Pre-tax Profits also reduced by 48% from N30 billion in Q3’2014 to N15 billion in Q3’2015. See Summary of result below.. Other […]

Stanbic IBTC

StanbicIbtc Holdings released its financial results for the nine months ended 30 September 2015.

The result showed that Net interest income reduced by 5% from N34 billion in Q3’2014 to N34 billion in Q3’2015.

Pre-tax Profits also reduced by 48% from N30 billion in Q3’2014 to N15 billion in Q3’2015.

See Summary of result below..

STANBIC IBTC HOLDINGS PLC Q3 2015 Sep-15 Sep-14 % Change
N’m N’m
Net Interest Income 32,929 34,712 -5.14%
Commision Fees & Other Income 29,540 28,581 3.36%
Operating Expenses -46,397 -44,700 3.80%
Pre-tax profits 15,367 30,016 -48.80%
Profit After Tax 13,562 25,261 -46.31%
Share Price(as at press time)

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