Stanbic IBTC Holdings PLC has appointed Mr. Chukwuma Nwokocha as its substantive Group Chief Executive, effective Thursday, October 2, 2025, following regulatory approval.
His appointment comes after Dr. Adekunle Adedeji’s tenure as Acting Chief Executive, during which the Board undertook a formal appointment process. Adedeji will continue as Executive Director/Chief Finance and Value Management Officer.
Commenting on the appointment, the company’s Chairman, Mrs. Sola David-Borha, commended Nwokocha’s strong record in governance, financial oversight, and strategic transformation. She also praised Adedeji’s leadership, noting that under his watch, the Group achieved its best financial performance since inception and completed a rights issue that ensured its banking subsidiary met the CBN’s recapitalisation requirements ahead of the March 31, 2026 deadline.
As of June 30, 2025, Stanbic IBTC reported total assets of N8.12tn, compared with N6.91tn at December 31, 2024. Liabilities rose to N7.17tn from N6.24tn, while equity attributable to ordinary shareholders grew to N941.73bn from N661.89bn, driven by profit and the rights issue.
For H1 2025, gross earnings climbed 35.2% year-on-year to N516.63bn, profit before tax surged 65.8% to N243.74bn, while profit after tax rose 49.1% to N173.43bn. Basic earnings per share stood at 1,078 kobo, up from 884 kobo
