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 :
Union Bank of Nigeria PLC
sales of 158.94 billion Nigerian Naira [US$416.43 million]
of which 36%
was Retail Banking),
Fidelity Bank Plc
(213.81 billion Nigerian Naira [US$560.17 million]
of which 46%
was Retail Banking), and
FCMB Group PLC
(180.10 billion Nigerian Naira [US$471.87 million]
of which 25%
was Retail Banking).
During the year ended December of 2019, sales at
Stanbic IBTC Bank Plc were 229.13 billion Nigerian Naira (US$600.33 million).
increase of 3.7%
versus 2018, when the company's sales were 220.92 billion Nigerian Naira.
This was the fifth consecutive year of sales increases at Stanbic IBTC Bank Plc
(and since 2014, sales have increased a total of 76%).
Sales of Wealth saw an increase
that was more than double the company's growth rate: sales were up
28.2% in 2019, from
5.08 billion Nigerian Naira to 6.51 billion Nigerian Naira.
Stanbic IBTC Bank Plc also saw significant increases in sales in
Personal and Business Banking (up 5.9% to 33.59 billion Nigerian Naira)
Not all segments of Stanbic IBTC Bank Plc experienced an increase in sales in 2019:
sales of Corporate and Investment Banking fell 1.6% to 80.31 billion Nigerian Naira.