Stanbic IBTC Holdings Plc profit after tax rose by 69% to ₦380.8 billion from ₦225.3 billion in 2024.
The performance was driven by growth across its businesses. Gross earnings climbed 38% to over ₦1.1 trillion, while profit before tax jumped more than 80%, reflecting improved margins and increased activity across its banking, asset management, and pensions businesses.
A key development during the year was the appointment of Chuma Nwokocha as Group Chief Executive in October. His emergence coincided with a major capital raise, as the group completed a rights issue that expanded its share capital and strengthened its balance sheet.
The group increased investments across subsidiaries and injected additional funds into its insurance business to meet new regulatory capital requirements. At the same time, Stanbic IBTC continued to deepen its presence in digital payments through its fintech arm, Zest Payments. Stanbic IBTC also signalled changes on the governance front as its long-serving external auditor is set to retire in 2026, with plans to appoint a new firm subject to shareholder approval. The move comes amid tighter regulatory scrutiny across Nigeria’s banking sector and growing emphasis on transparency and internal controls.
Shareholders also benefited directly from the earnings growth, with total dividends rising to over ₦103 billion, compared to ₦64.8 billion in 2024. Outside its core operations, the group maintained its social investment efforts, committing more than ₦775 million to education, healthcare, and community projects during the year.
