Stanbic IBTC Holdings to start fintech unit as earnings plunge

France Nouvelles Nouvelles

Stanbic IBTC Holdings to start fintech unit as earnings plunge
France Dernières Nouvelles,France Actualités

The fintech firm will emerge at a time of tough luck for Stanbic IBTC Holdings, which reported a post-tax profit of N39.9 billion for the nine months to September compared with N66.2 billion a year earlier.

, which reported a post-tax profit of N39.9 billion for the nine months to September compared with N66.2 billion a year earlier.

Last January, Stanbic IBTC Holdings discontinued its Bureau De Change operations, about seven weeks after , citing policy shift that had enabled customers to purchase forex at branches of its commercial banking arm.

 

France Dernières Nouvelles, France Actualités



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