Stanbic IBTC Declares N75.04bn PAT in Full Year 2019, Proposes N2 Final Dividend

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

FG, States, LGAs share N528.39bn FAAC allocation in Jan 2021

The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.34bn to the three tiers of government in December...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -
  • Gross Earnings grew by 5.1% to N234bn from N222bn in the previous quarter.
  • Profit before tax grew by 3.1% to N91bn.
  • Profit after tax grew by 0.8% to N75bn.
  • Net Assets also grew by 26.1% to N302bn from N240bn.

Stanbic IBTC Holdings Plc reported has released its audited 2019 financial statement. The report, which was published on the Nigerian Stock Exchange website

Stanbic IBTC’s gross earnings during for the 12-month period ended December 2019 stood at N233.8 billion, indicating that there was a 5.1% increase compared to N222.4 billion reported during the comparable period in 2018.

Conversely, Stanbic IBTC’s net interest for the period decreased slightly by 0.48% to N77.8 billion, down from N78.2 billion in 2018.

This reduced by 1.6% to N94 billion, down from the N95.6 billion operating costs the compared incurred in full-year 2018.

- Advertisement -

Stanbic IBTC’s profit before tax in full-year 2019 was N90.9 billion. This is more than the N88.1 billion that was reported for FY 2018. In the same vein, profit after tax for FY 2019 increased, although by just 0.8%. PAT stood at N75 billion as against N74.4 billion in FY 2018.

Read Also:  4 THINGS TO DO ON A FRIDAY.

The company also announced that it would pay a final dividend of N2.00 per ordinary share of 50 kobo, subject to appropriate withholding tax and necessary approvals.

- Advertisement -
Stanbic IBTC Declares N75.04bn PAT in Full Year 2019, Proposes N2 Final Dividend - Brand SpurStanbic IBTC Declares N75.04bn PAT in Full Year 2019, Proposes N2 Final Dividend - Brand Spur
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stanbic IBTC Declares N75.04bn PAT in Full Year 2019, Proposes N2 Final Dividend - Brand SpurStanbic IBTC Declares N75.04bn PAT in Full Year 2019, Proposes N2 Final Dividend - Brand Spur

Latest News

Syngenta, WACOT Partner To Boost Nigeria’s Food Security

WACOT Limited, one of Africa’s leading food and agro-processing companies, has partnered with a global agritech company, Syngenta. This would...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Stanbic IBTC Declares N75.04bn PAT in Full Year 2019, Proposes N2 Final Dividend - Brand SpurStanbic IBTC Declares N75.04bn PAT in Full Year 2019, Proposes N2 Final Dividend - Brand Spur