Stanbic IBTC Holdings is poised to become the first Nigerian bank to hit the N100/share mark.
Currently trading at N 72.15 per share, Stanbic IBTC, its 52-week high as against a 52-week low of N52, the stock is trailed by its closest rival, GTCO, which stood at N71.20 at the close of trading on Tuesday.
Stanbic IBTC share price has risen this year by 25.26 percent, while GTCO has risen this year by 24.91 percent.
Read also: Fitch reaffirms Stanbic IBTC Holdings ‘AAA (nga)’ rating
In its audited financial statements for the year ended December 31, 2024, Stanbic IBTC Holdings recorded a net interest income of N823.31 billion – an increase of 78.26 percent from N461.86 billion in 2023.
This impressive growth translated into a profit before tax of N303.80 billion and a profit after tax of N225.31 billion, representing a 60.23 percent year-on-year increase.


