Stanbic IBTC’s subsidiaries post N113.37 billion pre-tax profit in 9M 2026

Stanbic IBTC Holdings Plc's eight subsidiaries posted a combined pre-tax profit of approximately N113.37 billion in the nine months to September 2026, generating a total income of N175.80 billion. The three largest contributors to the profit were Pension Managers, Asset Management, and Capital, which together accounted for most of the pre-tax profit.

Pension Managers stood out with the highest pre-tax profit of N52.58 billion, followed by Asset Management at N41.34 billion and Capital at N14.32 billion. The subsidiaries' income mix was predominantly non-interest revenue, with Pension Managers relying heavily on non-interest revenue, while Asset Management and Capital also had significant non-interest revenue components.

Operating expenses were recorded across all subsidiaries, but the pre-tax profits remained substantial, highlighting the significant contribution of these specialist financial-services businesses to the group's overall performance.

Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.