February 27, 2008/ZSL
IBTC Chartered Bank Plc has changed its financial year end from 31st March to 31st December. The change takes effect from the financial year that commenced April 1, 2007 which ended 31st December 2007.
This change has become necessary in order to harmonise the Bank\'s financial year with that of Standard Bank Group which recently acquired a 50.1% equity stake in IBTC Chartered Bank Plc.
This is also in line with the CBN directive to harmonise the financial year end of all banks in Nigeria.