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Highest Paid Bank Executive in Nigeria

Posted by Timige, On 7 Dec, 2021 | Updated On 7 Dec, 2021 No Comments »


Sola-David-Borha
Sola David-Borha is considered the highest paid bank Chief Executive Officer in Nigeria. She earns ₦117m annually. In other words, she is paid ₦484,931 daily

Sola David-Borha is considered the highest paid bank Chief Executive Officer in Nigeria. She earns ₦117m annually. In other words, she is paid ₦484,931 daily.

She is currently the CEO of Africa Regions at the Standard Bank Group. Before that, she was the CEO of Stanbic IBTC Holdings until January 2017 and was deputy CEO and executive director of corporate & investment banking.

Sola’s high earnings isn’t for nothing. It appears that she worths every single naira they pay her.
Under her control Stanbic IBTC Holdings recorded its most profitable year since inception of the bank in 2017 and 2018. Key extracts of the audited report and accounts of Stanbic IBTC Holdings for the year ended December 31, 2017 showed that gross earnings rose by 36 percent while profit after tax jumped by 70 percent.

Gross earnings rose to N212.4 billion in 2017 as against N156.4 billion in 2016. Profit before tax increased from N37.2 billion to N61.2 billion while profit after tax rose to N48.4 billion from N28.5 billion in 2016.

Total assets increased to N1.386.4 trillion in 2017, a 32 percent growth on N1.053 trillion recorded in 2016.

Mrs David-Borha isn’t just a highly successful banker, she is a mother of 3 and a happily married wife. She is also a pastor and a member of the governing council of the Redeemer’s University.

Source: ApotheosisK

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