2022 BSM Index
TOP 50 BRANDS NIGERIA® 2022
| #39 | Stanbic IBTC Bank |
|---|---|
| BSM Index | 54.3 |
| 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, commonly referred to as Stanbic IBTC, is a financial service holding company in Nigeria with subsidiaries in banking, stock brokerage, investment advisory, pension and trustee businesses. It 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.
Standard Bank Group merged its Nigerian operations 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.
The 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 GTBank. 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 aims to strengthen its position in this sector and will increasingly play a significant role in the personal and business banking retail environment.
The bank through its wholly owned stock broking 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.
Stanbic IBTC Bank Plc and its holding company’s AAA(nga)’ national rating has once more been reaffirmed by the global rating agency, Fitch Ratings.
Another reaffirmation of its stability and healthiness is the recent Global Credit Ratings (GCR) to AAA(NG) from AA+(NG) and affirmed the national scale short-term issuer rating at A1+(NG), with a Stable Outlook.
The upgrade made Stanbic IBTC Bank the only financial institution in Nigeria with the rating.
