Stanbic IBTC shares steady at N101
Stanbic IBTC Holdings has reaffirmed its commitment to sustainable growth and delivering long-term value to shareholders, as its stock maintained a steady position at N101 per unit at the close of trading on Monday on the Nigerian Exchange Limited.
The shares of Stanbic IBTC Holdings Plc crossed the N100 per unit milestone last Tuesday, thus becoming the second banking stock to achieve that three-digit share price feat.
In a statement on Monday, the financial institution said that the increased investor confidence in its stocks reflects a broader enthusiasm surrounding the company’s robust fundamentals. The upward momentum has been impacted by the group’s first quarter 2025 results, where it reported a pre-tax profit of N116.4bn, marking 85.6 per cent appreciation when compared to the same period last year.
Amidst positive sentiments prevailing in the market, Stanbic IBTC has now delivered an extraordinary year-to-date return of over 74 per cent and a cumulative trading volume of 180 million shares.
Acting Chief Executive of Stanbic IBTC Holdings, Kunle Adedeji, commenting on the company’s performance in a recent statement, emphasised, “Our commitment to delivering significant value for our shareholders is unrelenting. We are excited about our growth trajectory and the opportunities that lie ahead.”
Adedeji highlighted how the company’s focus on innovation and operational excellence has not only bolstered its market position but also boosted the culture of accountability and transparency within the organisation.
He noted that the positive results being witnessed today are a direct outcome of the relentless efforts of the dedicated teams who are helping to realise the company’s vision.
Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, elaborated on the future, expressing optimism about the potential that lies ahead, saying, “Being part of a group that actively explores new opportunities and seeks out partnerships to further enhance our capabilities, our strategies are designed not just for immediate returns, but also to build a sustainable future where our shareholders can continue to thrive alongside us.”
Meanwhile, Stanbic IBTC recently secured a substantial three-year CNY 800 m (approximately N 172 bn) loan facility from the China Development Bank to bolster its position and enhance operational capabilities.
The lender said this strategic partnership reinforces Africa-China trade ties and highlights the company’s forward-thinking vision for growth and innovation.
