Stanbic IBTC Holdings has reiterated its commitment to sustainable growth and long-term shareholder value as its stock price held firm at N101 per share at the close of trading on Monday on the Nigerian Exchange Limited.

The bank’s stock had surpassed the N100 mark last Tuesday, becoming the second banking equity to cross into the three-digit territory.

In a statement released on Monday, the financial services group attributed the growing investor interest to the company’s strong fundamentals. This momentum was further fueled by its impressive Q1 2025 financial performance, which saw a pre-tax profit of N116.4 billion—an 85.6% increase compared to the same period in 2024.

Buoyed by positive market sentiment, Stanbic IBTC has recorded an impressive year-to-date return of over 74%, with 180 million shares traded so far.

Kunle Adedeji, Acting Chief Executive of Stanbic IBTC Holdings, said the company remains unwavering in its drive to deliver substantial value to shareholders. “We are enthusiastic about our current growth path and the promising prospects ahead,” he noted. He also credited the company’s success to its emphasis on innovation, operational efficiency, and a strong culture of accountability and transparency.

Echoing this sentiment, Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, expressed optimism for the future. “As part of a group that continuously explores new opportunities and partnerships, our strategic direction is not only focused on short-term gains but also on building a resilient, prosperous future for our shareholders,” he said.

In a related development, Stanbic IBTC recently secured a significant three-year loan facility of CNY 800 million (around N172 billion) from the China Development Bank. The bank stated that the facility would strengthen its financial position and operational capacity while reinforcing Africa-China trade relations and underlining its commitment to innovation and growth.