A member of the Standard Bank Group, Stanbic IBTC Holdings Plc, has reaffirmed its commitment to supporting Nigeria’s economic development by expanding access to credit, promoting financial inclusion, and empowering entrepreneurs and the youth.
The financial service provider gave this assurance at its 13th Annual General Meeting (AGM) held in Lagos recently, where it presented its audited financial statements for the year ended 31 December 2024.
The company also promised to continue to align with the Sustainable Development Goals (SDGs), integrating environmental, social, and governance (ESG) principles into its business strategy.
Last year, Stanbic IBTC recorded strong financial growth, operational resilience, and continued execution of its long-term strategic priorities.
It posted a net interest income of N823.31 billion, 78.26 per cent higher than the N461.86 billion in 2023, translating into a profit before tax of N303.80 billion and a profit after tax of N225.31 billion, with earnings per share rising to 1,710 Kobo, prompting the board to declare a final dividend of N3.00 per share, bringing the total dividend for the full year 2024 to N5.00.
“We are proud to report strong progress across our key focus areas as Nigeria’s leading end-to-end financial services provider.
“For the fourth consecutive year, our SME and retail banking businesses ranked first in the 2024 KPMG Nigeria Banking Industry Customer Experience Survey – a testament to our client-centric approach and unwavering commitment to service excellence,” the chairman of the firm, Ms Sola David-Borha, told shareholders.
“We are continuously evolving to meet our customers’ changing needs while maintaining the standards of excellence that define Stanbic IBTC,” she added.
On his part, the acting chief executive of Stanbic IBTC Holdings, Mr Adekunle Adedeji, said, “Beyond the numbers, we strengthened our customer-first mindset, streamlined operations through digital innovation, and embedded sustainability across our business.”