Stanbic IBTC Bank PLC, a member of the Standard Bank Group is a full service universal bank with a clear focus on three main business pillars - Corporate and Investment Banking, Personal and Business Banking and Wealth Management.
The Standard Bank Group, which has a controlling stake of 50.7% in Stanbic IBTC, has been in business for 146 years and is Africaâ€™s largest banking group ranked by assets and earnings. As at 31 December 2008, the group had total assets of over US$162 billion, employing over 50,000 people worldwide, a network in 17 African countries and 21 countries outside of Africa including the key financial centres of Europe, United States of America and Asia.
Stanbic IBTC Bank PLC is listed on the Nigerian Stock Exchange and has a December year end.
The Stanbic IBTC Bank launch was announced in Lagos on 31 March 2008, signaling the successful conclusion of the merger of Stanbic Bank (Nigeria) Limited, a member of Standard Bank Group Limited and the IBTC Chartered Bank Plc.
Through the newly launched Stanbic IBTC Bank, customers and staff will experience the benefits of being part of a Pan African bank with a global network and expertise; it really is a new turn for banking in Nigeria. The current corporate and investment banking franchise that exists in Nigeria is already world class, IBTC Chartered are already recognized as a leader in the sector in Nigeria. The merger with Stanbic Bank Nigeria and their status as the best global markets bank in Nigeria, not to mention Africa ensures a peerless experience for corporate customers.
The Bank has always been highly rated and currently has a long term rating of AAA from Fitch. – less–ZoomInfo