{
  "id": 16326046,
  "title": "Stanbic IBTC’s subsidiaries post N113.37 billion pre-tax profit in 9M 2026",
  "url": "https://urgent.news/2026/10/24/stanbic-ibtcs-subsidiaries-post-n113-37-billion-pre-tax-profit-in-9m",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T13:10:54.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/24/stanbic-ibtcs-subsidiaries-post-n113-37-billion-pre-tax-profit-in-9m-2026/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}