Three Stanbic IBTC subsidiaries namely – Stanbic IBTC Pensions, Stanbic Asset Management Limited and Stanbic IBTC Trustees Limited, have received the ISO 9001:2015 certifications, the latest in the series of global quality management system. The Lead Auditor, DQS Management Nigeria Limited, a leading global certification body for quality management systems and organisational health, Mr. Lawrence […]
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In consolidating its ongoing focus on the youth and in delivering on its strategic objectives as a digitized customer-centric universal financial services organisation, Stanbic IBTC, has unveiled plans to raise the bar at this year’s edition of the Social Media Week Lagos. In a statement, the financial institution confirmed it would be joining other thought […]
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Stanbic IBTC Bank Plc says it has received a four-star rating in the Lafferty Banking 500 Global Benchmarking Study. The bank, in a statement on Thursday, said the rating was in validation of the quality of service it provided in the Nigerian market. According to the statement, the bank is one out of 160 banks […]
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The Nigerian equities market opened the week on a bullish note as investors continued to react positively to nine month corporate earnings of companies. Gains by 17 stocks, including market leader, Dangote Cement Plc, Zenith Bank Plc, Guaranty Trust Bank Plc and Stanbic IBTC Holdings Plc, lifted the market capitalisation by ₦105 billion to ₦12.119 […]
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The Central Bank of Nigeria (CBN), has deducted a whopping ₦1.9 billion from the account of Stanbic-IBTC, domicilled with it, following the fine of the same amount slammed on the bank along three other banks, which where found to have aided the illegal repatriation of $8,134,312,397.63 by telecommunication company, MTN Nigeria. The apex bank had […]
Read More Stanbic IBTC Bank Plc, a member of Stanbic IBTC Holdings, yesterday, in Lagos, organised Workplace Banking Seminar, aimed at finding the right models to anchor human capital development to achieve corporate success. In his opening remark at the evnt with theme, ‘The Future of Work and the Role of Human Capital’, Chief Executive, Stanbic IBTC […]
Read More Stanbic IBTC Holdings Plc has announced 79 percent growth in its Profit After Tax, PAT, for the six months ended 30 June 2018, to ₦43.08 billion from ₦24.11 billion in the corresponding period in 2017. The result submitted to the Nigerian Stock Exchange, NSE, showed that the gross earnings rose by 17 percent to ₦114.21 […]
Read More Shareholders of Stanbic IBTC Holdings Plc, yesterday, at the sixth Annual General Meeting in Lagos, unanimously endorsed the ₦5.02 billion total dividend recommended by the Board of Directors for the year ended December 31, 2017, while seeking for increased dividend payment. The dividend approved amounted to 50kobo per ordinary share of 50kobo each. Speaking, Chairman, […]
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Stanbic IBTC, a member of the Standard Bank Group, has reiterated its commitment towards fighting the malaria scourge. Over the weekend, the organisation, in collaboration with Slum2School, a non-government organisation, distributed treated mosquito nets to school children in the Makoko, Yaba area of Lagos State. The distribution took place at Adekunle Anglican School, Makoko, as […]
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As reactions continue to trail tough dividend rules recently introduced by the Central Bank of Nigeria (CBN), analysts at SBG Securities have said that seven lenders are not affected by the policy from a Capital Adequacy Ratio (CAR) perspective and using 9M 2017 unaudited figures. The analysts in a report obtained by correspondent, listed the […]
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The Federal Government has announced the reappointment of a consortium of banks including Citi Group, Standard Chartered, Stanbic IBTC, Whitten-Case and African Practice, to handle the $2.5 billion Eurobond. Minister of Finance, Kemi Adeosun disclosed this, on Wednesday, to State House Correspondents on the $2.5 billion External Borrowing for refinancing at the end of Federal […]
Read More Two subsidiaries of Stanbic IBTC Holdings Plc- Stanbic IBTC Capital and Stanbic IBTC Bank have acted as the sole arranger and lender for a ₦6 billion medium term facility for Kellogg Tolaram Nigeria Limited. The facility is to finance the construction of a new cereal manufacturing plant in the Lekki Free Trade Zone, Lagos. Kellogg […]
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