Stanbic IBTC Says 2012 Pretax Profit Up 16 Pct

[ChannelsTV]

Stanbic IBTC said on Friday its 2012 pretax profit rose 16 percent to 11.7 billion naira ($74 mln, as against 10.1 billion naira a year earlier. Gross earnings at Stanbic IBTC Bank rose to 91.9 billion naira duing the period from 63.4 billion naira a year ago, it said in a filing with the Nigerian Stock Exchange. The mid-tier lender proposed to pay a dividend of 0.10 naira per share. Stanbic IBTC recently won approval to transfer all its subsidiaries in Nigeria to a newly-formed holding company, Stanbic IBTC Holdings, in line with regulatory requirements to separate core lending from capital market business.

Via: ChannelsTV

[Shola Sholaz]

That is what a very business enterprise always pray for, PROFIT! I congratulate them on this one. Their customers would be glad