Stanbic IBTC reports 40% decline in profit

Stanbic IBTC Holdings Plc recorded a 40 per cent decline in its unaudited half year results ended June 30, 2015.

The holdings company shows its profit after tax dropping from N16.18 billion in half year of 2014 to N9.7 billion recorded in the half year under review.

Meanwhile, the financial institution has proposed a 90 kobo interim dividend for 2015.

More information later…