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%).
You May Also Like
Earnings Update | NASCON | 2020FY
- March 11, 2021
NASCON ended the 2020FY on a positive note, despite the challenges the coronavirus pandemic posed to the company’s…
Earnings Update – MAYBAKER 2022FY Asset Disposal Underscores Earnings Performance
- April 13, 2023
May and Baker Nigeria Plc (MAYBAKER) sustained a double-digit topline expansion for the third consecutive year in 2022FY.…
Earnings Update | NASCON | Q1:2020
- April 30, 2020
NASCON, in its Q1:2020 financial scorecard reported a marginal uptick (+0.83%) in revenue to NGN6.88bn (vs. NGN6.82bn in…
Earnings Update | NESTLE | 2020FY
- March 8, 2021
Nestle Nigeria Plc. (NESTLE) reported slower than expected sales growth in Q4:2020, missing our full year revenue estimates…
Earnings Update | TOTAL | PRESCO | CADBURY | 2020FY
- April 23, 2021
Click on the links below to access the full reports: Earnings Update – CADBURY 2020FY Earnings Update –…
Earnings Update – WAPCO – 9M2023
- December 12, 2023
Dear All, Kindly find attached the report. Regards. WAPCO 9M2023 Earnings Update (1)