Stanbic IBTC explains delay in filing H1 2021 audited result

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, on Tuesday offered explanation for its delay in releasing its half-year audited result for 2021.

This was made public by the Company Secretary, Mr. Chidi Okezie, in a notification to the NGX Regulatory Ltd and other stakeholders.

The company explained that it is currently seeking approval by the Central Bank of Nigeria (CBN) to ensure the release of its audited half-year results ended July 31.

“This is to inform NGX Regulation Ltd. as well as our esteemed stakeholders that we are experiencing a slight delay in the release of the 2021 half-year audited financial statements for Stanbic IBTC Holdings Plc.

“This delay is occasioned by the fact that we are currently seeking the approval of our primary regulator, the 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 half-year results are submitted to the NGX as soon we receive approval from our primary Regulator, the CBN; and this may occur before or shortly after the regulatory due date of  Aug. 29.”