Busola Jeje
Junior Research Analyst
1 April 2021
Published by
Tellimer Research
Management call takeaways – Larger risk asset growth expected in FY 21
Busola Jeje
Junior Research Analyst @
Tellimer Research
1 April 2021
- Management expects a larger loan growth in FY 21, to cushion the impact of pressured NIMs
- FY 20 payout was sizable (55%), but no FY 21 guidance was given, with management sticking to a minimum payout of 30%
- We highlight key takeaways from the call as well as our views on management’s guidance
Busola Jeje
Junior Research Analyst
1 April 2021
Published by
Tellimer Research
Following the release of its FY 20 results, Stanbic IBTC recently held an investor call, where the group discussed the year and presented its guidance for FY 21. The group declared a milestone final dividend of NGN3.6/share (compared to NGN2.0/share in FY 19) and a stock dividend of one new share for every six shares held by shareholders. In this report we highlight key takeaways from the call as well as our views on management’s guidance.
The full report is available for Insights Pro subscribers
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