Stanbic IBTC Holdings has stated that the reason for the delay in reporting its H1 2021 results is that the company is waiting for the approval of its audited results by the Central Bank of Nigeria (CBN).
This was disclosed in a statement by Mr Chidi Okezie, the Company Secretary, posted on the website of the Nigerian Exchange (NGX) Ltd. in Lagos.
What the bank said
The notice informed NGX Regulatory Ltd. and its stakeholders that the company was currently seeking approval from the Central Bank of Nigeria (CBN) to ensure the release of its audited half year results ended July 31.
“This is to inform NGX Regulation Ltd. as well as our esteemed stakeholders that we are experiencing a slight delay in the release of the 2021 half year audited financial statements for Stanbic IBTC Holdings Plc.
“This delay is occasioned by the fact that we are currently seeking the approval of our primary regulator, the CBN, for the half-year audited financial statements, following which the said financial statements will then be released to the market.
“We are working diligently to ensure that our company’s half year results are submitted to the NGX as soon as we receive approval from our primary Regulator, the CBN; and this may occur before or shortly after the regulatory due date of Aug. 29,” they stated.
In case you missed it
Recall, Nairametrics reported that Stanbic IBTC Holdings Plc had released its audited full-year results for the year ended 31st December 2020 with a Net interest income of N74.21 billion, while profit for the year was N83.2 billion.