Stanbic IBTC posts 116 per cent increase in profit

Stanbic IBTC posts 116 per cent increase in profit

Stanbic IBTC Holdings , a unit of South Africa’s Standard Bank, said on Thursday its 2013 pretax profit rose to N24.62 billion, an increase of 116 percent from N11.41 billion a year earlier. Gross earnings grew to N111.22 billion during the period, compared with N91.86 billion in 2012, it said in a filing with the…

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