Stanbic IBTC’s Q1 profit rises 47 percent

Stanbic IBTC Holdings’ first-quarter pretax profit rose 47 percent to N8.96 billion, the local unit of South Africa’s Standard Bank said on Thursday.

Gross earnings rose to N30.22 billion  in the three months ended March 31 from N26.58 billion  in the same period last year, it said in a filing with the Nigerian Stock Exchange.