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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Stanbic IBTC Bank PLC

Main Activities: Banking and Credit Intermediation - Investment Brokerage and Other Financial Investments - Funds, Trusts, and Other Financial Vehicles

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Company Information

Full name
Stanbic IBTC Bank PLC

Headquarters
Stanbic IBTC Place Walter Carrington Crescent Victoria Island, Lagos ; Lagos; Lagos
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : NGIBTC000005
Financial Auditors: PricewaterhouseCoopers (2009)
Incorporation Date: April 25, 2005
Total Employees: 1,643

Tel: +234-1- 2712400

Company Description

Stanbic IBTC Bank PLC is a merger between The Standard Bank Group with its Stanbic Bank Nigeria and IBTC Chartered Bank PLC. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history, gave birth to a new entity now known as Stanbic IBTC Bank PLC which became part of the Standard Bank Group. The merger was officiated in August of this year and legalised on the 24th of September 2007. Stanbic IBTC Bank PLC through its wholly owned
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Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 21.54%, from NGN 29,145,000 thousands to NGN 35,424,000 thousands. Operating result decreased from NGN 13,528,000 thousands to NGN 11,243,000 thousands which means -16.89% change. The results of the period decreased -21.31% reaching NGN 7,440,000 thousands at the end of the period against NGN 9,455,000 thousands last year. Return on equity (Net income/Total equity) went from 687.14% to 388.92%, the Return On Asset (Net income / Total Asset) went from 2.46% to 1.34% and the Net Profit Margin (Net Income/Net Sales) went from 32.44% to 21.00% when compared to the same period of last year.

Key Executives

Atedo N.A. Peterside Oon Chairman
Sola David-Borha Chief Executive Officer
Yinka Sanni Deputy Chief Executive Officer
Alaibi Samuel Cookey Director
Arnold Gain Director/Member Of The Board
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Balance Sheet

Total Assets

634,184,000

0

Shareholders Equity

1,978,000

0

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

26,601,000

8,258,000

Operational Profit (Loss)

9,017,000

3,457,000

Net Profit (Loss)

6,997,000

2,501,000

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.1%

Annualised Return on Assets (ROA)

1.47%

Return on Sales (ROS)

26.3%

30.29%

Gross Profit Margin

100%

100%

Operating Profit Margin

-46.24%

-36.01%

Efficiency Ratios

Fixed-asset turnover

0.04x

Asset Turnover

0.04x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-12,301,000

-2,974,000

EBITDA

-12,301,000

-2,974,000

Enterprise value

92,188,000

127,500,000

Enterprise Value / EBITDA

-7.49

-42.87

Bookvalue (BV)

634,184,000

0

Net Cash

44,790,000

0

Market ratios

Market Capitalization/EBITDA

-10.97

-42.87

Price/Book Ratio

0.21

Market Cap / Net cash

3.01

Trend Ratios

Revenue Trend

122.3%

117.47%

Net Income Trend

122.69%

96.75%

Operating Income Trend

96.12%

198.8%