Stanbic IBTC Holdings Plc has solidified its position as a leading financial institution, with its shares maintaining a steady value of N101 per unit at the close of trading on Monday on the Nigerian Exchange Limited.
Notably, this milestone follows the company’s achievement of crossing the N100 per share threshold last Tuesday, making it the second banking stock to reach this significant three-digit mark.
Moreover, the company’s exceptional financial performance has fueled this upward momentum. In the first quarter of 2025, Stanbic IBTC reported a pre-tax profit of N116.4 billion, reflecting an impressive 85.6% increase compared to the same period last year.
Consequently, this strong result has driven a remarkable year-to-date return of over 74%, with a cumulative trading volume of 180 million shares, underscoring robust market enthusiasm.
In addition, Stanbic IBTC has strengthened its strategic position by securing a three-year CNY 800 million (approximately N172 billion) loan facility from the China Development Bank. This partnership not only enhances the company’s operational capabilities but also reinforces Africa-China trade ties, highlighting its forward-thinking approach to growth and innovation.
Furthermore, Acting Chief Executive Kunle Adedeji emphasized the company’s commitment to sustainable growth, stating, “Our focus on delivering significant value for our shareholders remains unwavering, and we are excited about the opportunities ahead.”
Similarly, Wole Adeniyi, Chief Executive of Stanbic IBTC Bank, expressed optimism, noting, “Our strategies are designed for both immediate returns and a sustainable future, ensuring our shareholders thrive alongside us.”
As a result, Stanbic IBTC’s focus on innovation, transparency, and strategic partnerships continues to position it as a key player in Nigeria’s financial sector, delivering substantial value to stakeholders.
