Stanbic IBTC has explained why its board was yet to release the audited financial statements for the 2020 Half Year.
In a notice to the Nigerian Stock Exchange (NSE), the company said the delay was as a result of the approval of from its primary Regulator, the Central Bank of Nigeria.
However, the lender expressed optimism that within the next 4 weeks of this notice, the much-awaited Audited Financial Statements would be filed and investors will have the opportunity to know its financial position.
“This is to inform The Nigerian Stock Exchange as well as our Esteemed Stakeholders that we are experiencing a slight delay in the release of the 2020 Half Year Audited Financial Statements for Stanbic IBTC Holdings PLC (“Stanbic IBTC”). This delay is occasioned by the fact that we are currently seeking the approval of our primary Regulator, the Central Bank of Nigeria (“CBN”) for the Half Year Audited Financial Statements, following which the said Financial Statements will then be released to the Market.”
“We are working diligently to ensure that our Company’s 2020 Half Year Results are published on or before Friday 25 September 2020.”