Tuesday, October 14, 2025
24.1 C
Lagos

Stanbic IBTC Reports N83bn Profit in 2020, Holds AGM May 27

In its audited financial statements for the period ended 31 December 2020, Stanbic IBTC achieved a pre-tax profit of N94.7 billion while the profit after tax for the same period was N83 billion.

The bank is also set to hold its Annual General Meeting (AGM) on Thursday, 27 May 2021, at 10.00 am. The AGM would be by proxy, in line with the coronavirus safety protocols.

Announcing the AGM in a notice to its shareholders signed by the company’s secretary, Chidi Okezie, Stanbic IBTC Holdings PLC stated that it would transact ordinary and special businesses in line with regulatory requirements. Some of the considerations at the AGM would include receipt and consideration of the audited financial statements for the 2020 financial year, dividend declaration and re-election of retiring directors, among other businesses.

“In order to ensure the safe conduct of the company’s 9th Annual General Meeting in accordance with the guidelines issued by the Corporate Affairs Commission as well as the Federal Government of Nigeria, shareholders are hereby informed that attendance at this AGM shall only be by proxy and shall be limited to a maximum of 20 people,” Okezie said.

“As a responsible corporate citizen, Stanbic IBTC Holdings PLC is aware of the unique challenges posed by the COVID-19 pandemic and mindful of the need for all to take action to check the spread of the virus. To this end, the Group had earlier activated its internal COVID-19 Business Continuity Management Plan, in addition to implementing the safety measures recommended by federal and state governments, health authorities, and various regulatory agencies.”

 

 

               

spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Supports UAC on Acquisition of CHI with Investment Banking Solution

Stanbic IBTC Holdings Plc proudly supported UAC of Nigeria...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Unity Bank MD Celebrates Resilient Frontline Staff, Reaffirms Commitment to Customer Service Excellence

The Managing Director/Chief Executive Officer of Unity Bank Plc,...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Stanbic IBTC Bank Hosts Strategic Forum to Arm Clients with Economic Clarity

Stanbic IBTC Bank has taken a significant step in...

Topics

Interswitch CEO, Elegbe, Mentors Young Entrepreneurs at CcHUB

Mitchell Elegbe, GMD / Founder, Interswitch Group has advised...

GTBank Records 5% Profit Decline in H1 2020

The H1 2020 result of GTBank Plc shows that...

Kerry Leading US Delegation to Nigerian Presidential Inauguration

U.S., Secretary of State, John Kerry will lead the US delegation to the inauguration of Nigerian president-elect Muhammadu Buhari in Abuja this week, the White House has said. Buhari will be sworn in on May 29 after defeating out-going president Goodluck Jonathan in the first Nigerian election that saw the opposition candidate defeat an incumbent.

NSIA Group Acquires 4 Insurance Subsidiaries of SANLAM Group

Mr. Moruf Apampa Managing Director/CEO NSIA Insurance Limited NSIA Group to which...

70 Winners Emerge from Stanbic IBTC Bank’s Award-winning Reward4Saving April Draw

L-R: Remi Adebayo, Alice Adeyemo, Chinemerem Nwachukwu, Irene Odinigwe,...

NCDMB: Court Affirms Mandate to Collect 1% NCDF in Oil/Gas Sector

  The Federal High Court sitting in Yenagoa, Bayelsa State...

NLNG Clarifies Media Reports on NASS Meeting on Train 7 Project

Nigeria LNG Limited (NLNG) has noted recent media reports...

Stanbic IBTC Insurance Launches Education Endowment Plan to Secure Children’s Academic Future

Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img