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Home Markets Equities Company Results

Half Year 2021: Stanbic IBTC suffers 50% decline in profit amid slump in revenue.

Chidi Emenike by Chidi Emenike
September 6, 2021
in Company Results, Markets
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Stanbic IBTC Holdings Plc released its interim financial results for the half year period ended 30 June, 2021.

  • Gross earnings for the period totalled N93.6 billion. (-26.1% YoY)
  • Net interest income was N32.9 billion. (-12.4% YoY)
  • Net fee and commission income of N41.3 billion. (+18% YoY)
  • Operating expenses totalled N55.4 billion. (+14.1% YoY)
  • Profit for the period was N22.54 billion. (-50.1% YoY)
  • Earnings per share of N1.92 Vs N4.19 YoY.
  • An interim dividend of N1 per share was declared.

See link to results.

Tags: Stanbic IBTC Holdings Plc
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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