Nigeria’s Stanbic sees Q3 pretax profit up 39 pct

LAGOS – The Nigerian unit of South Africa’s Standard Bank said on Tuesday it expected its pretax profit for the third quarter to hit 4.38 billion naira ($27.4 mln), compared with 3.14 billion naira in the same period last year.

standard bankThe lender said gross earnings will be 21.52 billion naira in the three-months to September 2013, up 17 percent from 18.4 billion naira in the same period a year ago, it said in a filing with the Nigerian Stock Exchange.

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