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Nigerian bank Stanbic IBTC's Q1 profit rises 47 pct

Kenyan city residents walk past Stanbic Bank in the capital Nairobi January 25, 2007. REUTERS/Antony Njuguna (Reuters)

LAGOS (Reuters) - Nigerian bank Stanbic IBTC Holdings' first-quarter pretax profit rose 47 percent to 8.96 billion naira, the local unit of South Africa's Standard Bank said on Thursday. Gross earnings rose to 30.22 billion naira in the three months ended March 31 from 26.58 billion naira in the same period last year, it said in a filing with the Nigerian Stock Exchange.