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Who we are

Our Vision

To be the leading end-to-end financial solutions provider
in Nigeria through innovative and customer-focused people.

Overview

With assets of ₦2.58 trillion as at 30 September 2020, Stanbic IBTC offers a range of banking and related financial services across the 36 states, including the Federal Capital Territory in Nigeria.

Our strategy
Our strategic journey towards becoming the leading end-to-end financial solutions provider by 2023 continues as we leverage on our universal capabilities whilst focusing on cost control, digitisation and client-centricity in accelerating growth in 2020.
Our history
Stanbic IBTC Holdings PLC (“Stanbic IBTC”) was incorporated as a Public Limited Liability Company on 14 March 2012. Stanbic IBTC is the holding company for the entire Stanbic IBTC Group and its subsidiaries. The Company was listed on the Floor of The Nigerian Stock Exchange on 23 November 2012, following the delisting of the Group’s erstwhile holding company, Stanbic IBTC Bank PLC (“the Bank”), pursuant to its compliance with the CBN Regulation on Banking and Ancillary Matters No. 3 of 2010.

The Bank on the other hand, was incorporated as Investment Banking and Trust Company Limited (“IBTC”), a private limited liability company, on 2 February 1989. IBTC was granted a merchant banking licence in February 1989 and commenced operations on 1 March 1989. IBTC’s merchant banking licence was converted to a universal banking licence in January 2002, pursuant to the

universal banking guidelines of the Central Bank of Nigeria (“CBN”). In 2005, IBTC became a public company and its shares were listed on The Nigerian Stock Exchange (“The NSE” or “The Exchange”).

In December 2005, IBTC merged with Chartered Bank PLC and Regent Bank PLC and changed its name to IBTC Chartered Bank PLC (“IBTC Chartered”) on 25 January 2006. On 24 September 2007, IBTC Chartered merged with Stanbic Bank Nigeria Limited (“Stanbic Bank”), a wholly owned subsidiary of Stanbic Africa Holdings Limited (“SAHL”), which in turn is a wholly owned subsidiary of Standard Bank Group Limited of South Africa. As part of the transaction that resulted in the combination of IBTC Chartered and Stanbic Bank, SAHL acquired a majority equity stake (50.1%) in the enlarged bank, which was named Stanbic IBTC Bank PLC.

On 1 November 2012, the Stanbic IBTC Group officially adopted a Holding Company (“Holdco”) structure in compliance with CBN Regulation 3 of 2010, which requires banks to divest from non-core banking businesses or adopt a HoldCo structure.

Under the new structure, the subsidiaries of Stanbic IBTC Holdings PLC are: Stanbic IBTC Bank PLC, Stanbic IBTC Pension Managers Limited, Stanbic IBTC Asset Management Limited, Stanbic IBTC Trustees Limited, Stanbic IBTC Capital Limited, Stanbic IBTC Stockbrokers Limited, Stanbic IBTC Insurance Brokers Limited, Stanbic IBTC Ventures Limited, and Stanbic IBTC Investments Limited. It should be noted that Stanbic IBTC Nominees Limited and Stanbic IBTC Bureau de Change Limited are wholly owned direct subsidiaries of Stanbic IBTC Bank PLC.

Our performance
Total assets as at 30 September 2020 grew by 37% (₦702 billion) to ₦2,578.5 billion from the December 2019 position while operating income for the first nine months of 2020 grew by 10% (₦14.1 billion) to ₦154.7 billion compared to prior year.

The long-term national ratings for Stanbic IBTC Bank PLC are: Fitch Ratings AAA(nga), S&P Global ngBBB and GCR AA(NG).

The long-term national ratings for Stanbic IBTC Holdings PLC are: Fitch Ratings AAA(nga).

  • Our strategy
  • Our history
  • Our performance

Our strategic journey towards becoming the leading end-to-end financial solutions provider by 2023 continues as we leverage on our universal capabilities whilst focusing on cost control, digitisation and client-centricity in accelerating growth in 2020.

Stanbic IBTC Holdings PLC (“Stanbic IBTC”) was incorporated as a Public Limited Liability Company on 14 March 2012. Stanbic IBTC is the holding company for the entire Stanbic IBTC Group and its subsidiaries. The Company was listed on the Floor of The Nigerian Stock Exchange on 23 November 2012, following the delisting of the Group’s erstwhile holding company, Stanbic IBTC Bank PLC (“the Bank”), pursuant to its compliance with the CBN Regulation on Banking and Ancillary Matters No. 3 of 2010.

The Bank on the other hand, was incorporated as Investment Banking and Trust Company Limited (“IBTC”), a private limited liability company, on 2 February 1989. IBTC was granted a merchant banking licence in February 1989 and commenced operations on 1 March 1989. IBTC’s merchant banking licence was converted to a universal banking licence in January 2002, pursuant to the

universal banking guidelines of the Central Bank of Nigeria (“CBN”). In 2005, IBTC became a public company and its shares were listed on The Nigerian Stock Exchange (“The NSE” or “The Exchange”).

In December 2005, IBTC merged with Chartered Bank PLC and Regent Bank PLC and changed its name to IBTC Chartered Bank PLC (“IBTC Chartered”) on 25 January 2006. On 24 September 2007, IBTC Chartered merged with Stanbic Bank Nigeria Limited (“Stanbic Bank”), a wholly owned subsidiary of Stanbic Africa Holdings Limited (“SAHL”), which in turn is a wholly owned subsidiary of Standard Bank Group Limited of South Africa. As part of the transaction that resulted in the combination of IBTC Chartered and Stanbic Bank, SAHL acquired a majority equity stake (50.1%) in the enlarged bank, which was named Stanbic IBTC Bank PLC.

On 1 November 2012, the Stanbic IBTC Group officially adopted a Holding Company (“Holdco”) structure in compliance with CBN Regulation 3 of 2010, which requires banks to divest from non-core banking businesses or adopt a HoldCo structure.

Under the new structure, the subsidiaries of Stanbic IBTC Holdings PLC are: Stanbic IBTC Bank PLC, Stanbic IBTC Pension Managers Limited, Stanbic IBTC Asset Management Limited, Stanbic IBTC Trustees Limited, Stanbic IBTC Capital Limited, Stanbic IBTC Stockbrokers Limited, Stanbic IBTC Insurance Brokers Limited, Stanbic IBTC Ventures Limited, and Stanbic IBTC Investments Limited. It should be noted that Stanbic IBTC Nominees Limited and Stanbic IBTC Bureau de Change Limited are wholly owned direct subsidiaries of Stanbic IBTC Bank PLC.

Total assets as at 30 September 2020 grew by 37% (₦702 billion) to ₦2,578.5 billion from the December 2019 position while operating income for the first nine months of 2020 grew by 10% (₦14.1 billion) to ₦154.7 billion compared to prior year.

The long-term national ratings for Stanbic IBTC Bank PLC are: Fitch Ratings AAA(nga), S&P Global ngBBB and GCR AA(NG).

The long-term national ratings for Stanbic IBTC Holdings PLC are: Fitch Ratings AAA(nga).

Our values

Serving our customers

We do everything in our power to ensure that we provide our clients with the products, services and solutions to suit their needs, provided that everything we do for them is based on sound business principles.

Growing our people

We encourage and help our people to develop to their full potential and measure our leaders on how well they grow and challenge the people they lead.

Working in teams

We, and all aspects of our work, are interdependent. We appreciate that as teams we can achieve much greater things than as individuals. We value teams within and across business units, divisions and countries.

Constantly raising the bar

We have confidence in our ability to achieve ambitious goals and we celebrate success, but we are careful never to allow ourselves to become complacent or arrogant.

Delivering to our shareholders

We understand that we earn the right to exist by providing appropriate long-term returns to our shareholders. We try extremely hard to meet our various targets and deliver on our commitments.

Respecting each other

We encourage and help our people to develop to their full potential and measure our leaders on how well they grow and challenge the people they lead.

Being proactive

We strive to stay ahead by anticipating rather than reacting, but our actions are always carefully considered.

Upholding the highest levels of integrity

Our entire business model is based on trust and integrity as perceived by our stakeholders, especially our clients.

A diversified and integrated financial solutions offering

Personal & Business Banking

Banking and other financial services to individual customers and small to medium-sized enterprises.

Corporate & Investment Banking

Corporate and investment banking services to government, parastatals, larger corporates, financial institutions and international counter-parties.

Wealth

Investment management in form of asset management, pension fund administration, trusteeship and insurance brokerage.

Recognition