BY NKECHI NAECHE-ESEZOBOR—Stanbic IBTC Holdings Plc on Wednesday said its profit after tax increased by 10.90% to N83.211 billion when compared with 2019.
The lender disclosed when it released its consolidated and seperate annual financial statements and auditor’s report for the year ended 31 December 2020 that its group’s profit before tax increased by 4.17% and
group’s gross earnings increased by 0.27% to N234.446 billion.
The directors’ of the bank recommended the approval of a final dividend of N 39.982 billion translating to 360 kobo per share for the year ended 31 December 2020 compared with 200 kobo per share in 2019.
