Posts Tagged ‘International Financial Reporting Standard’

Stanbic Bank Profits Fall By Half Despite Rise In Income

There may be more troubles ahead for shareholders of Stanbic IBTC Holdings Plc, following the submission of the group’s un-audited accounts showing that nine-month profits fell by almost half, despite a 10 per cent rise in earnings income. The group was heavily impacted by the huge 521.3 per cent increase in loan loss expenses, in […]