Stanbic IBTC profit plunges by over 45% to N11.3 billion in Q1 2021.

Stanbic IBTC Holdings Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N15.9 billion. (-14.3% YoY)
  • Net fee and commission income of N20.8 billion. (+16.2% YoY)
  • Operating expenses of N26.96 billion. (+8.8% YoY)
  • Profit for the period was N11.3 billion. (-45.4% YoY)
  • Earnings per share printed 96 kobo (-49.7% YoY)

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