2023 BSM Index
TOP 50 BRANDS NIGERIA® 2023
| #38 | Stanbic IBTC Bank |
|---|---|
| BSM Index | 52.8 |
| YoY | +1 |
| CEO | Wole Adeniyi |
| Year Founded (in Nigeria) | 1969 |
| Website | www.stanbicibtc.com |
| Head Office | I.B.T.C. Place. Walter Carrington Crescent. Victoria Island. Lagos |
| Nationality | SA |
| Customer Base | – |
| Number of Branches | 117 |
| Annual Turnover | – |
| Employees | 4,200 |
| Marketing Budget | – |
Stanbic IBTC Holdings:
Pioneering Financial Excellence in Nigeria
Stanbic IBTC Holdings, a financial services holding company headquartered in Nigeria, has carved its niche as a formidable player in the financial landscape. With diverse subsidiaries spanning banking, stock brokerage, investment advisory, pension, and trustee businesses, Stanbic IBTC Holdings boasts a robust presence in various sectors crucial to the nation’s economic growth.
A proud member of the Standard Bank Group, a financial services giant from South Africa, Stanbic IBTC Holdings thrives within an extensive network. The Standard Bank Group reigns as Africa’s largest banking conglomerate by assets and earnings, conducting operations across 20 African countries and 13 international territories.
Stanbic IBTC Holdings trajectory began with a momentous merger in 2007, where Standard Bank Group seamlessly integrated its Nigerian operations with those of IBTC Chartered Bank PLC, resulting in the birth of Stanbic IBTC Bank PLC. This landmark merger, facilitated through Nigeria’s first-ever tender offer and a groundbreaking $525 million foreign direct investment (FDI), set an unprecedented milestone in the country’s financial history.
Undoubtedly a stalwart in capital markets, Stanbic IBTC Bank continues to orchestrate pivotal transactions both within Nigeria and across the African continent. The bank played a pivotal role in arranging the historic $350 million Eurobond issue for GTBank, collaborating with Standard Bank London and Afrinvest. Moreover, Stanbic IBTC Bank, alongside its parent company, spearheaded an unparalleled achievement in Africa’s telecommunications realm—a groundbreaking $2 billion syndicated loan for MTN Nigeria.
Stanbic IBTC Bank Plc’s unwavering stability and soundness are underscored by its AAA(nga) national rating, reconfirmed by the prestigious global rating agency Fitch Ratings. This distinction signifies its resilience and credibility in the financial sphere. Further solidifying its position, Stanbic IBTC Bank earned an upgrade from Global Credit Ratings (GCR), elevating its national scale rating to AAA(NG) from AA+(NG), and maintaining a Stable Outlook.
In the realm of financial institutions, Stanbic IBTC Bank emerges as a beacon of excellence, setting benchmarks that reflect its commitment to delivering exceptional value and innovation to Nigeria’s thriving economy.
