Stanbic IBTC Holding, the Nigerian unit of South Africa’s Standard Bank Group Ltd. (SBK), rose the most in almost two months after reporting nine-month profit increased 64 percent.
Net income climbed to N16.9 billion  ($106 million) in the nine months through September, from N10.3 billion  a year earlier, Stanbic IBTC said in filing to the Nigerian Stock Exchange today. Non interest income gained 70 percent to N36.4 billion.
“We expect the positives on the non-interest income line and the other comprehensive income result to attract the market’s attention,” Bunmi Asaolu, an analyst at Lagos-based FBN Capital Ltd., said in e-mailed comments.