Stanbic IBTC Holdings, commonly referred to as Stanbic IBTC, is a member of the Standard Bank Group, a financial services giant based in South Africa. Standard Bank is Africa’s largest banking group ranked by assets and earnings operations in 20 African countries and 13 countries outside Africa with three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.
Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC in 2007 to create Stanbic IBTC Bank PLC. The merger was executed by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history.
Stanbic IBTC Bank through its wholly owned stockbroking and asset management subsidiary, Stanbic IBTC Asset Management Limited has several excellent mutual funds including the Stanbic IBTC Nigerian Equity Fund, which is Nigeria’s largest mutual fund. Stanbic IBTC Pension Managers Limited is a licensed Pension Fund Administrator (PFA) set up with the primary objective of delivering quality pension fund administration and management services to both private and public sector employees.
The corporate and investment banking offering includes global markets, project and structured finance, equities trading, corporate finance, global custody and numerous transactional and electronic banking solutions. “As part of Africa’s largest bank, we are able to give our clients access to expertise and on the ground presence across the globe – a vital service with the ever increasing global requirements of business.”
Stanbic IBTC Bank continues to play a significant role in some of the largest capital markets deals not only in Nigeria but in the continent as well. Stanbic IBTC Bank was involved with Standard Bank London and Afrinvest as lead arrangers of the historic $350 million Eurobond issue for GT Bank. More recently, the bank, together with its parent company, Standard Bank, put together the largest telecommunications deal ever in Africa – a two billion dollars syndicated loan for MTN Nigeria.
Traditionally strong as a corporate and investment bank, Stanbic IBTC Bank looks to strengthen its position in this sector and will increasingly play a significant role in the personal and business banking retail environment.
Stanbic IBTC Bank PLC offer clients a wide range of corporate, investment, business and personal banking products and solutions.
Stanbic IBTC Bank Plc and its holding company’ AAA(nga)’ national rating has once more been reaffirmed by the global rating agency, Fitch Ratings.
With about 2500 employees, 177 branches in Nigeria, Stanbic IBTC is one of the top brands that power Nigeria
