Stanbic IBTC's Pension, Asset Management Boost Earnings

In the first half of 2026, Stanbic IBTC Holdings Plc's pension and asset management businesses emerged as the primary contributors to earnings from its non-banking subsidiaries. Stanbic IBTC Pension Managers reported revenue of N56.60 billion, a 29% increase from N43.76 billion in H1 2025, with a profit before tax of N34.60 billion and a profit after tax of N22.96 billion, marking a 31.3% rise.

The pension unit also contributed N19.19 billion in dividends to the holding company. Stanbic IBTC Asset Management generated total income of N35.64 billion and profit before tax of N27.45 billion, becoming the second most profitable non-bank subsidiary.

It increased its dividend contribution to N26.3 billion from N3.0 billion in the previous year. Stanbic IBTC Capital recorded total income of N17.26 billion and profit before tax of N11.82 billion, while Zest Payments Limited reported N936 million in income but a pre-tax loss of N75 million.

Overall, the Group's gross earnings reached N650.31 billion, a 27.15% increase from the previous year.