Stanbic IBTC’s non-performing loans quadruple as management borrows at 14%

STANBIC IBTC’s non-performing loans (NPLs) jumped more than 4-fold to N116.120 billion in five and a half years as key management personnel of the financial institution obtained credit at 14 percent to 16 percent. Stanbic IBTC NPLs stood at N26.492 billion as of December 2020 out of a gross credit of N631.462 billion, marking a […]