Stanbic IBTC restates commitment to value addition

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The Group Chief Executive, Stanbic IBTC Holdings Plc, Mr Yinka Sanni, has reiterated the commitment of the bank to create value for stakeholders.

Sanni said in a statement on Tuesday that the bank remained strong, stable and sustainable in its operations.

He said Stanbic IBTC Holdings posted a profit of N36bn for the half-year, which ended June 30, 2019, and rewarded shareholders with an interim dividend of N10.2bn at 100 kobo per share.

Sanni said the bank remained committed to operating to the highest level of corporate governance standards while delivering sustainable long-term value to clients and other stakeholders through world-class innovative operations and a customer-centric approach.

According to him, the group’s achievements are an indication that its strategy is delivering on set goals and objectives.

He said, “The bank would continue to invest in its people, processes, and its communities to ensure business sustainability.

“In 30 years, Stanbic IBTC has built a culture of excellence in providing its clients with innovative financial products and services, as well as contributing to the attainment of the developmental aspirations of the country.

“The financial services institution has experienced several transformations in its 30-year history. It has grown steadily from its early days as a merchant bank to a leading end-to-end financial services provider in the country today, with a balance sheet size close to N2tn and a market capitalisation valued at approximately N500bn in December 2018.”

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