18
Mar
Staff Writer Stockbroking firm Simonis Storm has maintained its buy recommendation on SBN Holdings following the bank’s 2025 financial results. The firm said the bank delivered higher earnings despite pressure on margins, weaker non-core revenue and a subdued economic environment. Asset quality improved during the year. Excess liquidity was redirected into customer lending, which strengthened the balance sheet. SBN reported a profit after tax of N$1.187 billion, extending the level reached in 2024 when it passed N$1 billion in annual earnings. Simonis Storm said the bank’s performance shows it can deliver earnings across different market conditions. “The debate is no…
