Brief: Stanbic IBTC pre-tax profit jumps to N61.17 billion in 2017

Brief: Stanbic IBTC pre-tax profit jumps to N61.17 billion in 2017

South Africa’s Standard Bank’s unit in Nigeria Stanbic IBTC Holdings said its profit before tax for the year 2017 rose to N61.17 billion.

On a year on year basis, Stanbic IBTC Holdings’ pre-tax profit witnessed a major jump when compared to N37.21 billion disclosed in 2016.

Full year gross earnings came in at N212.43 billion versus N156 billion disclosed in the year before.