In the first half of the year, Stanbic IBTC Holdings Plc. (STANBIC) reported significant growth in both interest and noninterest income. As such, the group’s gross earnings improved by 44.10% YoY to NGN134.87bn. The group’s interest income advanced by 54.31% YoY, largely driven by loan stock expansion and higher yield on cumulative average risk assets, as well as interest earned on investment securities (+68.07% YoY).
