Stanbic IBTC nine-month profit rises 33% on trading gains
Results · completed$276mSaturday 24 October 2026
Stanbic IBTC reported profit after tax of about $280 million (N371bn) for the nine months to September 2026, up 33% from the prior year. Gains came mainly from fixed income and currencies, with progress in digital lending and its Africa China banking business.
Results from one of Nigeria's largest listed lenders show how trading income is supporting bank earnings in a slowing economy.
Zenith Bank reported a nine-month profit before tax of about $690 million (N929bn), up 1.24 percent from the same period of 2025. Gross earnings fell 15 percent to about $2.1 billion (N2.87trn), while impairment charges dropped sharply.
Abbey Bank's profit after tax rose 55.9% to about $1.7 million (N2.26bn) in the nine months to September 2026. Gross earnings surged 120% and customer deposits more than tripled.
Agusto & Co affirmed Abbey Bank's A3 short-term credit rating, citing stronger capitalization, liquidity, asset quality and profitability. The bank is preparing to start commercial banking operations in November 2026.
Sterling Financial reported nine-month profit after tax up 21% to about $56 million (N75.4bn), with total assets reaching N5.10 trillion. Interest income rose strongly, while credit impairment charges increased sharply.
GTCO's three non-bank subsidiaries recorded a combined profit before tax of about $18 million (N23.9bn) in the nine months to September 2026, up 70%. Its Ghana banking subsidiary generated about $83 million (N113bn) in profit after tax, the largest offshore contribution.
