Stanbic IBTC reports N68bn in gross revenue in 2015 half year result

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced its six months unaudited results for the period ended 30 June 2015, with gross earnings at N68.3 billion, an increase of 11 percent over the N61.7 billion recorded in the comparable period of last year.

According to the result, which was presented at the Nigerian Stock Exchange in Lagos yesterday, profit before tax during the period stood at N9.5 billion, while profit after tax was N9.6 billion. Total assets went up nine percent to N1.03 trillion from N944.5 billion in December 2014.

What older teenagers need to know about money

Older teenagers are ripe for learning the finer points of financial intelligence Read the previous posts for 5 to 9 years here ( and 10 to 15 years here (

- Show them how to track their spending
Hopefully, you already have some financial discipline and can get your teenager to shadow your habits with these:
• List your regular monthly bills such as: internet service, utilities, phone bills etc.
• Track the ‘small’ amounts you spend on impulse buys, snacks etc.

Teach your teenager how to manage money

Teaching your young teenager how to be accountable with their money, could be the greatest gift you give them. Having the right attitude towards money management, is a good way to get them started on the path to financial intelligence. If you missed it, please read the first part in the series here

Here are some tips to help get your teen money smart:

- Different types of income available

A simple guide to raising a financially intelligent child

This is the first part of a series on teaching money matters to children. Read the second part focusing on teenagers here

Your bundle of joy is now in primary school and asks for a brand new smart phone. 

As great as a new gift is to motivate a children, teaching them the value of money, how to earn it and spend it, is an even greater gift. This will teach them how to earn and save money to afford things they want, when they want them. 

5 Important Things You Need To Know About Personal Finance

Why do the rich get richer and the poor get poorer?
The answer lies in personal finance. Personal finance is the financial management which an individual must do in order to obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. Here are five practical things you can do for a healthy personal finance:

1. Spend less than you earn

FAQs On Savings Account

Q1. How much is the minimum daily account balance for a savings account?
A. N500

Q2. Can I pay in cheques or dividend warrant to my savings account?
A. Yes as long as suitable references are in place.

Q3. How much is the minimum opening balance?
A. N2000.

Q4. What is the maximum transactional amount for a savings account?
A. There is no maximum as long as it is a tier 3 account.

Q5. How many withdrawals are allowed on a savings account and on which withdrawals will I forfeit my interest?

FAQs On Current Account

Q1. What is the minimum opening balance for Current Account?
A. Opening Balance for current account is N10,000.

Q2. Can I lodge in a dividend warrant into my current account?
A. Yes, you can lodge in a dividend warrant into the current account. But The account must have been operated for 6 months

Q3. Am I eligible for a temporary overdraft on my Current account?
A. Yes, but you need to have operated your account for up to 6 Months to enjoy the facility.

Q4. How are Commission on Turn-over (COT) charges calculated?

Why Choose Stanbic IBTC?

We present here, 4 simple reasons why you should choose Stanbic IBTC Bank for all your personal or business banking needs:

1. Your transactional needs are covered:
Our modern transactional platform not only saves you time and money with our zero COT and bundle pricing offers but also provides an excellent reason to choose us with the combination of alternative channels including convenient mobile and internet banking. Making and receiving payments is very easy with our direct debit platform and speedy sms and email alert services.

The Perfect Product Just For You

At Stanbic IBTC, the operational mantra revolves around gaining insight into customers’ needs through a variety of channels to deliver products and services that meet those needs.

Stanbic IBTC Bank’s bouquet of transactional products are designed to empower existing and potential customers across the various market segments.

A peep into some of the accounts will further highlight the unique benefits therein.

Savings Account

Stanbic IBTC is Sponsor of Social Media Week Lagos 2015

Stanbic IBTC, a member of Standard Bank Group, is sponsoring Social Media Week (SMW) Lagos for the third consecutive year. This year’s event runs from Monday 23 February to Friday 27 February at the SMW campus based at Landmark Centre, Water Corporation Road, Victoria Island, Lagos.

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