• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

[ANALYSIS] Stanbic IBTC unwinds derivative positions with notional value of N160 billion

Nairametrics by Nairametrics
July 10, 2015
in Blurb, Spotlight
[ANALYSIS] Stanbic IBTC unwinds derivative positions with notional value of N160 billion
Share on FacebookShare on TwitterShare on Linkedin

Second Tier Nigerian lender Stanbic IBTC has just released its Half Year 2015 numbers and what struck us here at Nairametrics (apart from the ugly results) is the near total unwinding of FX derivatives positions, possibly as a result of the Central Banks tightening of the interbank FX market and banks ability to make money from naira volatility.

In the half year 2015 period the nominal value of Stanbic IBTCs Derivatives assets fell by 85 percent to N746 million from N4.86 billion at the end of 2014.

When Nairametrics looked at the banks full year 2014 audited results to get a clearer picture, we found that the assets consists of Foreign Exchange Derivatives (Forwards) of N3.54 billion and Interest rate Derivatives (Swaps) of N1.36 billion.

RelatedStories

Stanbic IBTC renames fintech subsidiary to ZEST Payment Limited

Stanbic IBTC reports pre-tax profit of N116.4 billion in Q1 2025 as interest income soars 

April 25, 2025

Nigerian banks spent N518.5 billion on IT in 2024 as digital banking, cybersecurity drive boom

April 25, 2025

Total Derivatives assets/liabilities were equivalent to a notional amount of N160 billion…(See Fig 1)

Stanbic Derivatives

It is pertinent to note that Stanbic’s trading revenues were down 14 percent in the current H1 2015 period.

We assume that some if not all of this trading involved FX.

We believe that while the CBN has its merits in tightening the FX markets, it should not be done at the expense of innovation and development of the Nigerian financial services industry.

Tags: Stanbic IBTC
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Stanbic IBTC renames fintech subsidiary to ZEST Payment Limited
Company Results

Stanbic IBTC reports pre-tax profit of N116.4 billion in Q1 2025 as interest income soars 

April 25, 2025
Exclusives

Nigerian banks spent N518.5 billion on IT in 2024 as digital banking, cybersecurity drive boom

April 25, 2025
Ranking Nigerian Banks that have declared the most dividend in 5 years
Financial Analysis

Government earned N1.2 trillion from Nigerian banks in 2024, more than shareholders 

April 23, 2025
Nigerian Banks
Exclusives

Which Nigerian banks pay their staff the most and the least in 2024 

April 22, 2025
Stanbic IBTC: Buy, sell or hold 
Company Results

Stanbic IBTC reports N303.796 billion pre-tax profit in 2024

March 29, 2025
Stanbic IBTC Infrastructure Fund backs SIFAX Group’s development of the Ijora Terminal
Companies

Stanbic IBTC Infrastructure Fund backs SIFAX Group’s development of the Ijora Terminal

March 18, 2025
Next Post
[NIGERIAN STOCKS  ARE BLEEDING] These are Who to Blame

[NIGERIAN STOCKS ARE BLEEDING] These are Who to Blame

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • FCMB reassures investors on forbearance loans, outlines plan to sustain dividends
  • CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028
  • SEC to launch ‘Crypto Smart, Nigeria Strong’ initiative for stablecoin regulation 

Follow us on social media:

Recent News

MD FCMB, Mrs. Yemisi Edun

FCMB reassures investors on forbearance loans, outlines plan to sustain dividends

June 17, 2025

CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics