Stanbic IBTC Bank Plc operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Stanbic IBTC Bank Plc with three other
companies in this sector in Nigeria:
Fidelity Bank Plc
sales of 151.40 billion Naira [US$495.06 million]
of which 43%
was Retail Banking),
Sterling Bank Public Limited Company
(111.36 billion Naira [US$364.15 million]
of which 45%
was Corporate and Investment), and
Union Bank of Nigeria PLC
(120.04 billion Naira [US$392.54 million]
of which 30%
was Retail Banking).
During the year ended December of 2016, sales at
Stanbic IBTC Bank Plc were 155.61 billion Naira (US$508.83 million).
increase of 11.6%
versus 2015, when the company's sales were 139.42 billion Naira.
This was the fifth consecutive year of sales increases at Stanbic IBTC Bank Plc
(and since 2011, sales have increased a total of 131%).
Sales of Wealth saw an increase
that was more than double the company's growth rate: sales were up
29.0% in 2016, from
2.86 billion Naira to 3.69 billion Naira.
Not all segments of Stanbic IBTC Bank Plc experienced an increase in sales in 2016:
sales of Personal and Business Banking fell 3.6% to 31.88 billion Naira.