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185:, is a financial service holding company in Nigeria with subsidiaries in Banking, Stock Brokerage, Investment Advisory, Asset Management, Investor Services, Pension Management, Trustees Insurance Brokerage and life Insurance businesses. The company's newly opened corporate headquarters, Stanbic IBTC Towers, is situated at Walter Carrington Crescent,
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announced its re-capitalization program for commercial banks. This meant that all commercial banks had to have a NGN 25 billion minimum capital base. This CBN order led to the merger of
Investment Banking and Trust Company (IBTC) with Chartered Bank Plc and Regent Bank Plc on 19 December 2005 to form
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Stanbic IBTC Holdings PLC. came to being as the result of a merger between
Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc. in 2007, then adopting a holding company structure in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to
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tendered an offer for the acquisition of additional IBTC shares in order to attain majority shares in the merged business. This resulted in SAHL having a majority shareholding 50.75% up from 33.33% as at the merger date. The business name was subsequently changed to
Stanbic IBTC Holdings Plc and
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Loans, savings, investments, debit and credit cards, mortgages, insurance, asset managements, business advisory, pensions, stockbroking, financial technology and financial advisory services.
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Stanbic IBTC Insurance
Brokers – Operates as the insurance brokerage arm of the group, they deal more with General Insurance which are non-life Insurance.
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On 24 September 2007, IBTC Chartered Bank Plc merged with
Stanbic Bank Nigeria Limited. Stanbic Africa Holdings Limited (SAHL)on behalf of
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Stanbic IBTC Bank – A commercial bank in
Nigeria, serving individuals and businesses, and regulated by the Central Bank of Nigeria
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The running of
Stanbic IBTC Holdings is overseen by a 9-person board of directors (7 non-executive and 2 executive)
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Stanbic IBTC Nominees – Acts as custodian in money market and fixed income securities for the
Nigerian market.
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Investment
Banking & Trust Company Plc (IBTC) was formed as an investment bank on 2 February 1989 with
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Stanbic IBTC Asset
Management Limited – Providing asset management services. It was incorporated in 1992.
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263:. The name was later changed to Stanbic Bank Nigeria Limited and was a wholly owned subsidiary of
201:. Standard Bank is Africa's largest banking group ranked by assets and earnings, operations in 20
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either divest from non-core banking financial services or adopt a holdings' company structure.
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Stanbic IBTC Pension Managers Limited – A leading Pension Fund Administrator (PFA) in Nigeria.
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697:"Update on Proposed merger of IBTC Chartered Bank Plc and Stanbic (Nigeria) Limited"
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IBTC Chartered Bank Plc with a total asset base NGN 125 billion and listed on the
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Stanbic IBTC Trustees Limited – Specializes in trusteeship and estate management.
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The companies that comprise Stanbic IBTC Holdings include the following:
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The Chairman of the Board of Stanbic IBTC Holdings is Sola David-Borha.
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Stanbic IBTC Stockbrokers Limited – Providing Stock brokerage service.
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Stanbic IBTC Capital Limited – Offers Investment banking services.
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Shareholding in the group's stock is depicted in the table below:
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Stanbic IBTC Insurance Limited – Provide Life Insurance services.
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Stanbic IBTC Towers, Walter Carrington Crescent, Victoria Island,
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was founded in 1991 when Standard Bank Investment Corporation (
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755:"Personal bank accounts and online loans in Nigeria"
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621:"Stanbic IBTC Holdings Organizational information"
822:Financial services companies established in 1989
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205:countries and 13 countries outside Africa.
193:. Stanbic IBTC Holdings is a member of the
162:AAA(nga) National Long Term Rating by Fitch
132:NGN 5.15 Trillion (As at 31 December, 2023)
837:Nigerian subsidiaries of foreign companies
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366:Stanbic IBTC Holdings PLC Stock Ownership
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651:"Three banks form IBTC Chartered Group"
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351:of Stanbic IBTC Holdings listed on the
832:Nigerian companies established in 1989
259:), acquired the African operations of
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588:"Stanbic IBTC Holdings PLC overview"
487:"When was Stanbic IBTC Bank formed?"
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27:Nigerian financial services company
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725:"Stanbic IBTC Holdings Overview"
672:"Standard Bank Group Highlights"
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391:Stanbic Africa Holdings Limited
265:Stanbic Africa Holdings Limited
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842:Companies in the NSE-30 Index
827:Holding companies of Nigeria
253:Stanbic Bank Nigeria Limited
248:Stanbic Bank Nigeria Limited
563:"Stanbic IBTC Holdings PLC"
520:"Reports and Presentations"
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181:, commonly referred to as
812:Banks established in 1989
542:reporting.stanbicibtc.com
120:NGN 355.16 Billion (2023)
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33:Stanbic IBTC Holdings PLC
817:Companies based in Lagos
463:List of banks in Nigeria
223:IBTC Chartered Bank Plc.
759:www.stanbicibtcbank.com
468:List of banks in Africa
458:Nigerian Stock Exchange
280:resumed trading on the
242:Nigerian Stock Exchange
237:Central Bank of Nigeria
233:chief executive officer
103:Chief Executive Officer
701:Village Square Forums
382:Percentage Ownership
179:Stanbic IBTC Holdings
782:Stanbic IBTC Holding
229:Atedo N.A. Peterside
153:www.standardbank.com
807:Standard Bank Group
787:Standard Bank Group
453:Standard Bank Group
195:Standard Bank Group
171:www.stanbicibtc.com
138:Number of employees
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625:investoreports.com
491:investoreports.com
261:ANZ Grindlays Bank
67:Financial services
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218:Before the Merger
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142:Over 4,200 (2020)
18:Stanbic IBTC Bank
16:(Redirected from
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802:Banks of Nigeria
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731:. Archived from
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288:Member Companies
235:. In 2005, the
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99:Demola Sogunle
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187:Victoria Island
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379:Name of Owner
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762:. Retrieved
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448:Stanbic Bank
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257:Stanbic Bank
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199:South Africa
183:Stanbic IBTC
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127:Total assets
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81:Headquarters
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47:Company type
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764:27 November
86:Lagos State
796:Categories
739:28 January
681:28 January
635:28 January
602:28 January
547:28 January
538:"Investor"
501:28 January
474:References
431:Governance
271:The Merger
94:Key people
706:29 August
656:29 August
343:Ownership
88:, Nigeria
442:See also
267:(SAHL).
209:Overview
109:Products
63:Industry
357:STANBIC
203:African
167:Website
117:Revenue
73:Founded
57:STANBIC
419:100.00
403:Others
159:Rating
148:Parent
572:6 May
414:Total
406:36.3
395:63.7
349:stock
191:Lagos
766:2021
741:2019
708:2017
683:2019
658:2017
637:2019
604:2019
574:2024
549:2019
503:2019
376:Rank
347:The
76:1989
353:NSE
282:NSE
231:as
53:NSE
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
