Stanbic IBTC Holdings Incurs N7bn in Loan Losses in Q1, As Asset Losses Run for Third Year
Stanbic IBTC Holdings Plc incurred over N7 billion in loan losses in the first quarter, a 117 per cent increase from the less than N3.3 billion it expensed in the same quarter in 2023.
This development shows that the bank has been…