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Stanbic IBTC Speaks On Delay In Filing H1 2020 Audited Results

Stanbic IBTC has disclosed the reason why its board is yet to make available the 2020 Half Year Audited Financial Statements, Brandnewsday confirms.

Stanbic Bank in a statement provided to the Nigerian Stock Exchange (NSE), the company stated that the delay was as a result of the approval of from its primary Regulator, the Central Bank of Nigeria.

Stanbic IBTC

However, the lender expressed optimism that within the next 4 weeks of this notice, the much-awaited Audited Financial Statements would be filed and investors will have the opportunity to know its financial position.

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“This is to inform The Nigerian Stock Exchange as well as our Esteemed Stakeholders that we are experiencing a slight delay in the release of the 2020 Half Year Audited Financial Statements for Stanbic IBTC Holdings PLC (“Stanbic IBTC )”.

READ: Stanbic Bank Transfer USSD Code

”This delay is occasioned by the fact that we are currently seeking the approval of our primary Regulator, the Central Bank of Nigeria (“CBN”) for the Half Year Audited Financial Statements, following which the said Financial Statements will then be released to the Market.”

“We are working diligently to ensure that our Company’s 2020 Half Year Results are published on or before Friday 25 September 2020.”

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READ: Banks USSD Codes: Full List Of Transfer Code For Banks In Nigeria

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Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

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