Stanbic IBTC Holdings Posts NGN 116.4 Billion Pre-Tax Profit in Nigeria's High-Rate Environment

Stanbic IBTC Holdings recorded a pre-tax profit of NGN 116.4 billion in the first quarter of 2025, an 86% increase on the same period a year earlier.

Total income reached NGN 203 billion for the quarter, up 47% year-on-year, the group reported. Profit after tax came in at NGN 82.1 billion.

INCOME AND COSTS

Net interest income was the principal driver of the group's performance.

The cost-to-income ratio improved during the period despite rising operating expenses.

As the Nigerian subsidiary of Standard Bank Group of South Africa, Stanbic IBTC operates as an integrated financial services group spanning banking, insurance, asset management and stockbroking.