Dr Demola Sogunle, CEO of Stanbic IBTC Holdings PLC, spoke to the Global Business Report about their 2020 Earnings performance where they increased net profit by 10.9% in 2020.
The bank was able to keep its non-performing loans under the CBN threshold of 5% despite growing its Loan book by 19% in 2020.
It also stayed above the CBN’s loan-to-deposit ratio minimum of 65% with a 68% level in 2020.
What does the bank have in store for 2021? Watch this informative video to find out!