Stanbic IBTC shares hold firm at N101

Stanbic IBTC Holdings has reiterated its unwavering commitment to sustainable growth and delivering long-term value to shareholders, as its stock price held steady at N101 per unit at the close of trading on Monday on the Nigerian Exchange Limited (NGX).

This development follows a major milestone achieved last Tuesday, when Stanbic IBTC Holdings Plc became the second banking stock to cross the N100 per unit threshold—signaling a strong vote of confidence from investors and cementing its position as a high-performing equity on the Nigerian bourse.

In an official statement issued Monday, the financial powerhouse attributed the surge in investor confidence to the company’s strong fundamentals and outstanding financial results. Specifically, the group’s Q1 2025 performance played a pivotal role, as it recorded a pre-tax profit of N116.4 billion, representing an 85.6% increase compared to the same period in the previous year.

These impressive numbers have fueled a bullish sentiment in the market, driving year-to-date (YTD) returns for Stanbic IBTC to over 74%, with a cumulative trading volume of 180 million shares—an indication of both retail and institutional interest.

Kunle Adedeji, Acting Chief Executive of Stanbic IBTC Holdings, commented on the bank’s strong trajectory in a recent press release, stating:

“Our commitment to delivering significant value for our shareholders is unrelenting. We are excited about our growth trajectory and the opportunities that lie ahead.”

He further emphasized that the group’s dedication to innovation and operational excellence has played a crucial role in fortifying its market position, while also fostering a strong internal culture built on accountability and transparency.

Adedeji attributed the company’s continued success to the relentless efforts of its workforce, stating that the positive outcomes currently being observed are the direct result of the team’s unwavering dedication in executing the company’s long-term vision.

Also speaking on the group’s outlook, Wole Adeniyi, Chief Executive of Stanbic IBTC Bank, expressed optimism about future prospects. He noted:

“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.”

In a strategic move to reinforce its growth agenda, Stanbic IBTC recently secured a three-year loan facility of CNY 800 million (approximately N172 billion) from the China Development Bank. This funding is expected to bolster the group’s operational strength and strategic expansion efforts.

The company described the facility as more than just a financial boost—it also reflects a deepening of Africa-China trade relations, underlining Stanbic IBTC’s forward-thinking approach and commitment to enhancing innovation, competitiveness, and market leadership across the continent.