Stanbic IBTC Holdings grows profit by 8.56% in Q3 2020

WorldStage Newsonline– Stanbic IBTC Holdings Plc, a leading financial group in Nigeria on Monday  released its unaudited consolidated interim financial statements for the period ended 30 September 2020 with gross earnings of N56.716 billion during the last three months, a 3.52% decline from N58.783 billion in Q3 2019.

The group which primarily involved in the provision of banking and other financial services to corporate and individual customers said earnings for the nine months grew to N183.286 billion from N176.157 billion in 2019.

The group’s profit for the last three months rose by 8.56% to N20.959 billion from N19,307 billion in Q3 2019 while profit for the nine months grew to N66.163 billion from N55.552 billion in 2019.

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