Standard Bank Group Ltd.’s unit in Nigeria, sub-Saharan Africa’s second-biggest economy, said full- year profit rose 16 percent to 9.5 billion naira ($61 million) as it increased lending.

Stanbic IBTC Bank Plc’s net interest income, the money earned from loans, rose 5 percent to 26.4 billion naira as the Lagos-based company declared a dividend of 39 kobo per share, according to an e-mailed statement today.

Nigerian lenders cut back on lending after a debt crisis in 2008 and 2009 threatened the industry with collapse. The Central Bank of Nigeria fired the chief executives of eight of the country’s 24 lenders and bailed out the industry with 620 billion naira. Stanbic IBTC was not one of the recipients of the cash.

Stanbic IBTC’s shares gained 38 kobo, or 4.1 percent, to 9.65 naira by the 2:30 p.m. close of the Nigerian Stock Exchange. The stock has outpaced the bourse’s All-Share Index this year, gaining 4.9 percent compared with the market’s 1.2 percent rise in the same period.