Stanbic IBTC Holdings Plc is to pay an interim dividend to shareholders as rising profit underpinned by fixed income and currency bolsters investors’ optimism.
The board of directors of Stanbic IBTC approved an interim dividend of ₦.4.50 (Four Naira Fifty Kobo) per ordinary share of 50 kobo each, equivalent to ₦71.55 billion subject to deduction of appropriate withholding tax.
For the first six months through June 2026, Stanbic IBTC Holdings posted profit after tax (PAT) of ₦239.68 billion, which is 38.20 percent higher than 2025’s ₦173.43 billion.
The uptick at the bottom line (profit) was largely driven by an exceptional item or gain that helped cushion the effects of the drop in interest income and similar charges. The lender realised N126.35 billion, from a negative figure of 856 million as at June 2025.
Interest income and similar charges dipped by 5.40 percent to ₦359.10 billion in June 2026 from ₦379.60 billion as at June 2025.
Net interest income, which is the difference between the interests a bank earns on assets like loans and the interest it pays out on liabilities like customer deposits, reduced by 14.33 percent to ₦266.27 billion in the period under review from ₦310.83 billion as at June 2025.
There are growing concerns that the dovish strategy adopted by the central bank will undermine the revenues of banks who had been benefiting from a high yield environment.
The Apex Bank has slashed its benchmark interest rate by 350 basis points to 23 percent. This brings the Monetary Policy Rate (MPR) down from 26.5 percent to its lowest level since February 2024
Loans and advances fell by 10.41 percent to ₦3.44 trillion in June 2026 from ₦3.84 trillion as at June 2025.
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