Stanbic IBTC Bank – Reviews and Ratings
Stanbic IBTC Bank is a leading provider of integrated financial services including personal banking, corporate banking, credit cards, business banking, pensions and wealth management products and services. Stanbic IBTC Bank strives for higher standards and believes in moving customers forward towards achieving their personal or business goals.
Stanbic Bank is a division of Standard Bank, a member of The Standard Bank Group, based in Johannesburg, South Africa. Standard Bank trades under the name Stanbic Bank in Botswana, the Democratic Republic of the Congo, Ghana, Kenya, Malawi, Nigeria, South Sudan, Tanzania, Uganda, Zambia and Zimbabwe.
Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history, gave birth to a new entity now known as Stanbic IBTC Bank PLC which became part of the Standard Bank Group. The merger was officiated in August of 2007 and legalised on the 24th of September 2007.
The Standard Bank Group also trades as Standard Bank in Namibia, Swaziland, South Africa, Lesotho, Mauritius and Mozambique.
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 GTBank. More recently, together with its parent company, Standard Bank, put together the largest telecommunications deal ever in Africa – a $ 2 billion syndicated loan for MTN Nigeria.
Address: IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos. P.O. Box 7170
Phone: 0700 CALL STANBIC (0700 2255 782 6242), +234 01 271 7739,
Social media: www.facebook.com/StanbicIBTC, www.twitter.com/stanbicibtc
Categories: Bank Reviews
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