Stanbic IBTC, the Nigerian unit of South Africa's Standard Bank, said on Friday its pre-tax profit fell 29percent to R509,3million last year but earnings were broadly steady.
Stanbic IBTC, the Nigerian unit of South Africa's Standard Bank, said on Friday its pre-tax profit fell 29percent to R509,3million last year but earnings were broadly steady.
"The difficult operating environment is expected to persist in 2010, but the board is confident that we can continue to grow," chief executive Chris Newson said in a statement. - Reuters