Chairman's statement

Your bank emerged from this phenomenally turbulent period (including the CBN/NDIC stress tests) relatively unscathed. Our audited financial results for 2009 and the recent re-affirmation of our Fitch AAA (nga) rating, significantly corroborate this statement.

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Chief executive's review

For the Nigerian Banking sector, 2009 has brought home many lessons. The most critical being the importance of corporate governance and the need for very robust risk management.

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Economic review

In spite of the economic challenges experienced by the global economy in 2008, slight recovery was recorded by most developed countries that were erstwhile adversely affected by the sub-prime mortgage crisis.

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Financial review

The group posted a good result despite the challenging and difficult operating environment characterised by a general slow down of the economy in the first quarter of the year...

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Corporate governance

Stanbic IBTC Bank Plc operates under a governance framework which enables the board to balance its role of providing oversight and strategic counsel...

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Risk management

Robust management of risk is fundamental to the business activities of Stanbic IBTC, as the group remains resolute and committed to the objective of increasing shareholders’ value...

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