2021 9M Results: Stanbic IBTC’s profit after tax slumps by 40% to N39.95 billion.

Stanbic IBTC Holdings Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.

• Net interest income for the period was N54 billion. (-4% YoY)
• Non-interest revenue stood at N69.3 billion. (-29.7% YoY)
• Operating expenses totalled N79.3 billion. (+12% YoY)
• Total assets during the period stood at N2.75 trillion
• Profit for the period was N39.95 billion. (-39.6% YoY)
• Earnings per share of N2.93 Vs. N5.80 YoY.

See link to results.