WorldStage– Stanbic IBTC Holdings Plc, a leading retail bank in Nigeria, grew its 2025 profit by 69 percent last year on incomes from interest, fees, commissions, and a drop in impairment loss.
According to its 2025 annual financial statement (AFS) published April 17 on the Nigeria Exchange Group, the bank’s profit after tax increased from N225 billion in 2024 to N381 billion in the reporting year.
The upswing in profit followed a 43 percent rise in net interest income, from N410 billion in 2024 to N585 billion last year; its non-interest revenue also climbed 27.5 percent to N310 billion, from N236 billion the year before thanks to a 35 percent growth in fees and commissions, and a 33 percent increase in trading income.
The biggest driver of the growth in profit remains the 89 percent drop in loan impairment write-backs. The figure stood at N99 billion in 2024 compared to N14 billion in the reporting year.
The AFS, however, revealed the profit rose against headwinds from operating and interest expenses which depressed the over N1.1 trillion revenue the bank generated in the reporting year. The income grew 38 percent (before tax) to N896 billion last year from N647 billion the year before.
However, Stanbic IBTC stacked up fees and commission expenses that stood at N27 billion in the reporting year, a 75 percent increase from N16 billion it recorded the year before.
Its operating expenses also rose to N330 billion, a 35 percent rise from N244 billion in 2024. Over the same period, its interest expenses grew about 30 percent from N156 billion to N202 billion.
