Stanbic IBTC Holdings Plc. (STANBIC) recorded its highest-ever gross earnings of NGN287.54bn, a 39.15% YoY increase in 2022FY, driven by a double-digit growth rate in both interest and non-interest income streams. All funded income streams (particularly interest from customer loans and interest income on investment securities) rose, with interest on customers’ loans sustaining its position as the most significant contributor (c.79%).
