Results & Dividends

Stanbic IBTC FY 2019 results: Low growth

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January 30, 2020/Coronation Research

Stanbic IBTC released its FY 2019 unaudited results yesterday, Results were generally flat-to-negative year-on-year (y/y). Net profits were up 0.8% y/y (average 2019 inflation: 11.32%), with growth largely driven by trading income.

The RoAE fell from 35.7% to 27.7%.

An interim dividend of N1.00/s was paid at half year but the bank is yet to declare final dividend for FY 2019 as its board of directors are scheduled to sit on 06 February 2019 to propose final dividend among other matters.

Click here to read full PDF copy of report

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