Stanbic IBTC Holding Company, a tier-two lender in Nigeria with a market value of around N835 billion released its full-year result for the period ended 30th December, 2024.
The holding company reported a 43.7 percent rise in its after-tax profit to N202.1 billion in 2024 from N140.8 billion in 2023 driven by high interest rates in a high-yield environment.
Increasing yield environment boosts interest income