Companies

Stanbic IBTC profit beats estimates as non-interest revenue jumps

by BALA AUGIE

April 24, 2018 | 1:45 am
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Stanbic IBTC Holdings Plc reported a higher than expected quarterly profit as the bank’s non interest revenue was boosted by increase in asset management fees while the country’s economy continues to improve. The Nigerian lender’s earnings also got a boost from foreign exchange margins from plain vanilla forward transactions and non-derivative forward trades. For the…

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by BALA AUGIE

April 24, 2018 | 1:45 am
  |     |     |   Start Conversation

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