Stanbic IBTC Holdings to start fintech unit as earnings plunge

📆 2022/01/12 9:02:00
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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.

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