Stanbic IBTC Reports 52% Rise in After-Tax Profit Driven by Corporate Banking Growth
Stanbic IBTC Holdings PLC reported a 52% rise in after-tax profit for the nine months ending September 30, 2025, reaching N278.5 billion compared to N182.9 billion in the same period in 2024. The growth was supported by the sustained expansion of its corporate banking division, which saw total income soar to N408.5 billion.
The bank's net interest income increased by 148%, driven by lending to blue-chip corporations and government entities. Additionally, the bank's fee and commission income rose by 41%, while credit impairments significantly decreased, leading to a 77% rise in profit before tax.
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