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Tag: Stanbic IBTC Bank

  • Stanbic IBTC Bank partners Chinese General Chamber of Commerce-Nigeria to host badminton competition

    Stanbic IBTC Bank partners Chinese General Chamber of Commerce-Nigeria to host badminton competition

    In a remarkable display of sportsmanship and community spirit, Stanbic IBTC Bank has proudly sponsored the recent Stanbic IBTC Badminton Competition of the Chinese General Chamber of Commerce-NIG (CGC-NIG). This initiative aligns with the bank’s commitment to fostering athletic excellence and promoting community engagement.

    The two-day tournament recently held in Abuja, attracted badminton enthusiasts from the Chinese community, eager to showcase their skills in both team and individual categories.

    Participants engaged in exciting singles, doubles and group matches, providing spectators with an exhilarating atmosphere full of commendable performances and nail-biting moments.

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    Eric Fajemisin, Executive Director of Corporate and Transaction Banking, Stanbic IBTC Bank, expressed pride in the event outcome. “By sponsoring this tournament, we aim to inspire teamwork, promote a healthy lifestyle, and enhance community engagement among young people,” he shared. “Our commitment extends beyond financial services; we believe in supporting initiatives that empower and uplift.”

    This year’s tournament featured distinct categories for team competitions and individual pursuits.

    Participants displayed exceptional skill and determination in their quest for the prestigious championship title and valuable prizes awarded to top performers.

    The event concluded with a prize presentation ceremony that celebrated the top performers, presenting them with trophies and accolades, which created an atmosphere of excitement. The Huawei team was crowned the champion of the group category, showcasing their exceptional skills and dedication.

    Stanbic IBTC Bank remains dedicated to advancing sports initiatives that inspire and empower athletes across, eagerly anticipating future collaborations to uplift the sporting community.

  • Stanbic IBTC Bank wins Commercial Bank Brand of the Year

    Stanbic IBTC Bank wins Commercial Bank Brand of the Year

    Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has been named Commercial Bank Brand of the Year at the Brand Handlers Summit and Awards in Lagos, reinforcing its place as one of Nigeria’s most influential and customer-focused financial brands.

    The Brand Handlers Summit and Awards celebrate excellence in brand building, innovation and customer engagement across diverse industries. By winning this award, Stanbic IBTC Bank has shown consistent visibility for its strategic efforts in creating meaningful connections with customers, leveraging technology, and positioning itself as a trusted partner in financial solutions.

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    Over the years, Stanbic IBTC Bank has stood out in Nigeria’s banking industry through its bold storytelling, forward-thinking campaigns, and a customer-first approach. From digital transformation projects that simplify banking to sustainability initiatives that drive social impact, the bank’s brand has consistently aligned with its promise of moving clients forward.

  • Stanbic IBTC Bank rewards savings promo winners

    Stanbic IBTC Bank rewards savings promo winners

    Stanbic IBTC Bank has reaffirmed its dedication to fostering a sustainable savings culture in Nigeria through the successful hosting of the fourth monthly draw in its Reward4Saving Promo – Season 4.

    The event took place in Lagos and witnessed the emergence of 70 lucky winners, from the Bank’s seven business zones; each winning N100,000 for maintaining a minimum savings balance of N10,000 in their Stanbic IBTC Savings Account or @ease Wallet.

    The balances were maintained for a minimum of 30 consecutive days.

    The draw was conducted with keen oversight from regulatory representatives to ensure transparency and fairness. Notable attendees included representatives of the Federal Competition & Consumer Protection Commission (FCCPC); Advertising Regulatory Council of Nigeria (ARCON); and Lagos State Lotteries and Gaming Authority (LSLGA).

    Since the commencement of the Reward4Saving Promo – Season 4, 288 customers have shared in N37 million, with the total prize expected to reach N130 million by conclusion of the initiative in April 2026.

    With N93 million remaining in the prize pool, excitement continues to climb among customers of Stanbic IBTC Bank nationwide.

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    Speaking during the draw, Head of Sales and Distribution, Lagos Mainland, Oluwakemi Zollner, stated, “Stanbic IBTC Bank is committed to rewarding loyal customers while enhancing the savings culture within society.

    The promo is open to both existing and new customers. By saving just N10,000 in your Stanbic IBTC Savings Account or @ease Wallet for 30 consecutive days, you qualify for the draw. More savings equal higher chances of winning.”

    One of the recent winners, Ebinum Abosede, an entrepreneur, shared her emotional journey upon receiving her prize. “When I initially received the call, I was doubtful and thought it could be a scam. Even my daughter warned me against going. But now that I am here and have received my alert, I could not be happier. I just moved into a new house and was searching for funds to paint my apartment. Thank you to Stanbic IBTC Bank; I can finally give my new home a fresh coat of paint.”

    The Reward4Saving Promo continues to create a buzz across Nigeria, inspiring individuals to practice financial discipline while being rewarded for their dedication. Through this initiative, Stanbic IBTC Bank celebrates the achievements of savers and strengthens its role in promoting financial inclusion and empowering local communities.

  • Stanbic IBTC, Customs partner on service delivery

    Stanbic IBTC, Customs partner on service delivery

    Stanbic IBTC Bank recently hosted a two-day interactive workshop for its corporate clients, focusing on the adoption of the Nigeria Customs Service’s newly launched unified customs management system, B’Odogwu.

    The specialised training was developed in direct response to businesses’ needs since B’Odogwu’s implementation in March 2025; addressing operational challenges disrupting seamless transactions in Nigeria’s import and export processes. Nearly 100 key trade clients attended the sessions, receiving hands-on guidance from the Nigeria Customs Service’s B’Odogwu project team.

    Seun Ogundolapo, Head, Trade, Transaction Banking, Stanbic IBTC Bank, stated, “The transition to the new B’Odogwu platform has posed unexpected challenges for many businesses across Nigeria. As a trusted financial partner, we recognised the urgent need to address this and provide practical solutions. By organising a hands-on workshop that brought together our clients and the Nigerian Customs technical team, we have established a direct channel for addressing concerns and facilitating the adoption of this essential new system.”

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    Speaking during the training session, Assistant Comptroller Oyindamola Abass Oladepo, B’Odogwu Project Manager, Port & Terminal Multi-Services Limited (PTML) Command, Nigeria Customs Service, emphasised that the B’Odogwu digital platform is a comprehensive, end-to-end solution designed to place traders at the centre of various electronic processes.

    According to Oyindamola, “This platform facilitates the electronic generation of e-Form M; the electronic processing of Pre-Arrival Assessment Report (PAAR); the submission of electronic manifests; the lodgment of electronic import or export documents; the electronic payment of fees; and the self-assessment of declarations by declarants. The objective of the sensitisation workshop is to highlight the crucial role allocated to traders in self-generating their respective Form M and PAAR on the B’odogwu digital platform, “he stated.

    During the interactive workshop sessions, participants gained in-depth understanding of the platform’s functionality; received step-by-step guidance on processing trade documents; and had their specific questions addressed by the system developers. The workshop targeted common challenges experienced by users since the platform’s launch, including navigation struggles, documentation requirements, and submission processes.

    Through this workshop, businesses are expected to significantly improve their experiences with the B’Odogwu platform, reduce processing delays, and carry out more efficient trade operations by implementing the knowledge and skills gained.

    The initiative reinforces Stanbic IBTC Bank’s position as a leading financial institution facilitating seamless trade operations for Nigerian businesses. By proactively identifying and addressing this critical need, the Bank has demonstrated its deep understanding of client challenges and commitment to providing value beyond traditional banking services.

  • Stanbic IBTC Bank reintroduces private banking offerings

    Stanbic IBTC Bank reintroduces private banking offerings

    Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a leading financial service solutions provider in Nigeria, has reaffirmed its commitment to helping Nigerians secure their financial futures and build lasting legacies through its Private Banking offerings.

    With a focus on personalised financial solutions, portfolio management, investment strategies, and estate management, Stanbic IBTC Bank empowers individuals and families to achieve their long-term goals of building lasting legacies for future generations.

    Stanbic IBTC Bank’s comprehensive suite of Private Banking solutions provides clients with the tools and expertise needed to navigate the complex financial landscapes. Stanbic IBTC Bank leverages its deep market knowledge and global expertise to deliver solutions that align with clients’ unique aspirations.

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    Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, emphasised the importance of proactive wealth management in today’s dynamic economic environment. “At Stanbic IBTC Bank, we understand that building a legacy goes beyond accumulating wealth; it is about creating a sustainable financial foundation that benefits future generations. Our innovative solutions are designed to help families protect, grow, and transfer their wealth seamlessly, ensuring their values and aspirations endure over time.”

    Stanbic IBTC Bank’s Private Banking offerings include personalised financial planning to help clients achieve their short and long-term financial goals, Investment management to enable clients access a wide range of investment opportunities, (including equities, fixed income, and alternative assets), Estate and trust services through expert guidance on Estate planning, Wills, and Trusts to ensure smooth Wealth transfer, Retirement planning through solutions that help clients build a secure and comfortable retirement, Insurance and risk management through comprehensive protection against unforeseen events that could impact financial stability.

    By equipping families and individuals with the knowledge and tools to manage their wealth effectively, the bank is fostering a legacy of financial resilience and prosperity.

  • Bank reiterates commitment to community sustainability

    Bank reiterates commitment to community sustainability

    Stanbic IBTC Bank has listed  plans to  promote environmental sustainability.

    The bank is partnering Victoria Island & Ikoyi Residents Association (VIIRA), Victoria Island and Ikoyi Security and Environment Trust (VIISET), and Recycling Scheme for Women and Youth Empowerment (RESWAYE), an NGO dedicated to cleanup of  coastal regions and management of recyclable waste.

    The bank’s representatives, led by Chief Risk Officer, Mr. Kola Lawal and Head of Real Estate Services, Mrs. June Majaroh, spoke when a delegation from VIIRA appointed by the group’s Chair, Prince Akin Fadoju, visited its headquarters at Walter Carrington Crescent, Victoria Island, Lagos.

    The bank reiterated its commitment to providing financial support to the association and noted importance of increasing corporate contributions to bolster the initiatives, led by VIIRA and VIISET, which serve Victoria Island and Ikoyi.

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    The bank also showcased its advanced internal waste paper recycling, which contribute to production of hygiene tissues utilised in offices.

     It praised the association for its  dedication to enhancing environmental standards and public safety in collaboration with the Lagos State Government, its relevant agencies and the Nigeria Police Force.

    The delegation from VIIRA comprised of a member, Mrs. Dudun Peterside;  a trustee of VIISET, Mr. Ifeanyi Asiodu, and Executive Secretary, VIIRA, Mr. Abdul Latif Muse.

  • Stanbic IBTC Bank gives N28m to 84 promo winners

    Stanbic IBTC Bank gives N28m to 84 promo winners

    In the recently held grand finale event that honoured 84 of its customers with N28 million, Stanbic IBTC Bank concluded its Reward4Saving Promo 3.0.

    This event held in Lagos marked the end of a nationwide initiative to promote a strong savings culture among Nigerians. The promo rewarded 875 customers in its third season across 12 months.

    At the grand finale draw, seven customers from seven business zones of Stanbic IBTC Bank won the grand prize of N2 million each, alongside seven savers who each secured N1,000,000 and additional 70 winners who were rewarded with N100,000 each.

    The selection process for all winners was conducted electronically and supervised by representatives from the Advertising Regulatory Council of Nigeria (ARCON) and National Lottery Regulatory Commission (NLRC), ensuring fairness and transparency.

    First introduced in 2021, the Reward4Saving initiative was devised as a strategic promo to encourage Nigerians to develop saving habits by allowing them to participate in monthly, quarterly and grand finale draws to win cash prizes. So far, the promo has rewarded 1,942 customers with N318 million. The promo has also won the ‘Most Transparent Consumer Promotion’ award for two consecutive years at the Industry Awards.

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    The Reward4Saving Promo 3.0 transcends the mere distribution of prizes; it epitomises Stanbic IBTC Bank’s commitment to enhancing financial security and encouraging Nigerians to adopt sustainable saving practices. By emphasising the significance of saving, the Bank aspires to empower its clientele and substantially contribute to the nation’s financial prosperity.

    In his opening remarks, Olu Delano, Executive Director, Personal & Private Banking at Stanbic IBTC Bank, highlighted the company’s strong commitment to fostering a savings culture among its clients. “Our current savings promo goes beyond a mere celebration; it is proof of our dedication to promoting financial inclusion and advocating for responsible financial practices,” stated Olu.

    He further acknowledged and appreciated customers’ dedication to saving. “Through this initiative, our goal is to commend their prudent financial behaviour and encourage a broader segment of the Nigerian population to recognise and adopt the merits of financial discipline,” Olu concluded.

    By fostering consistent saving habits, individuals can secure their financial future and enjoy a range of additional rewards. This approach enhances their economic stability and is fundamental to achieving financial freedom. Cultivating discipline in saving encourages a mindful approach to spending and investment, which can lead to a more prosperous and stress-free life.

  • More winners emerge in Stanbic IBTC Bank Reward4Saving draw

    More winners emerge in Stanbic IBTC Bank Reward4Saving draw

    Seventy customers have emerged winners of cash prizes in the December draw of Stanbic IBTC Bank’s Reward4Saving Promo, a reward scheme for savings account holders of the bank, introduced to encourage a savings culture. Customers who save at least N10,000 in their savings account for at least thirty days, qualify for the draw.

    During the draw, Layo Ilori-Olaogun, Head, Middle Markets and Youth Segment, Stanbic IBTC Bank, applauded the commitment of participants and winners and urged them to continue the discipline of saving.

    According to Ilori-Olaogun, “The Reward4Saving Promo, now in its third season, is excited to have completed four monthly draws and one quarterly draw; rewarding 287 customers with N35 million. As a people-driven financial institution, we are delighted to hear past winners share testimonies of how this initiative has immensely decreased their financial burden. At Stanbic IBTC Bank, we prioritise putting our customers’ matters first, which is evident in our high customer retention and loyalty.”

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    The promo which runs till August 2024, will reward seven customers with N2 million each across seven regions in its grand finale draw. Customers are enjoined to continue saving as this is the only guarantee to qualify for the promo.

    “In the months preceding the finale, seventy customers will each be rewarded with N100,000 in the monthly draws; while seven customers will win N1,000,000 in the quarterly draws. Existing and new customers are urged to keep saving to boost their chances of winning,” Layo said.

    Stanbic IBTC Bank introduced the Reward4Saving promo in 2021 to encourage customers to save for rainy days. Customers who deposit at least N10,000 in their Stanbic IBTC Bank Savings Account or @ease wallet for a minimum of thirty days, qualify for the draws.

  • Stanbic IBTC Bank supports savings culture

    Stanbic IBTC Bank of its Max Yield Savings Account (MYSA) is helping Nigerians to get more returns on their savings.

    The bank said the MYSA is a high interest paying account that pays interest at fixed deposit rate (currently up to 6.2  per cent per annum) on savings balances of N100,000 and above. This increases the interest returns enjoyed on the account in excess of the regular savings account rate.

    The product is one of the bank’s bouquet of products aimed at providing medium savers who may not have the large amount required to open fixed deposit accounts the benefit of both fixed and savings accounts in one account.

    The Stanbic MYSA account is well suited for people who desire to save towards a target purchase or investment, like property purchase, school fees payment, vehicle purchase, vacation, annual rent, etc. The high interest yield helps them achieve their target savings faster while also allowing easy access to the fund through the bank’s multiple transaction channels.

    Head, Personal Banking, Stanbic IBTC Bank, Nkolika Okoli, said the product was introduced to help customers achieve their savings and investment objectives. According to her, in line with the retail banking drive of the Stanbic IBTC Group and the financial inclusion policy of the Central Bank of Nigeria, the bank will continuously explore ways to develop financial solutions that are relevant to the financial and economic aspirations of Nigerians.

    “Max Yield was developed to ensure customers get better returns on their savings, which we believe will help them achieve their savings and investment objectives in a disciplined and profitable way. Although one of the set objectives of Max Yield is maximizing returns on savings/investments, funds invested or saved in this account are left readily available and accessible to the account holders,” Okoli said. “With the rich experience and expertise the bank has as a member of the Stanbic IBTC Group, we are determined to churn out innovative products and services that are not only relevant to the economic aspirations of Nigerians but also that will help them achieve those aspirations much faster,” she added.

  • Stanbic IBTC, CYCDI advise youths on SDGs

    Stanbic IBTC Bank, in collaboration with the Creative Youth Community Development Initiative (CYCDI), and Covenant University, Ota, have engaged the youth on better understanding of the United Nations (UN) Sustainable Development Goals (SDGs) and their role in their attainment.

    The partners, in commemoration of the 2018 Global People’s Summit, organised a session at Covenant University recently, at which financial literacy was a major takeout. The Global People’s Summit is organised by the Humanity Lab Foundation in partnership with the United Nations Office of Partnerships. It provides a platform for people and organisations around the world, especially the youth, to participate via a digital platform in the conversation to make change happen in society. It fosters collaborations, shares best practices, promotes innovation, builds community, celebrates success, influences global agendas, and finds new ways to translate vision into action.

    Originator of the Global People’s Summit, Hazami Barmada, stated: “We amplify messages of people around the world and conversations and connect dots in the virtual space to enable making the world a better place a reality. Far too often the conversations around social impact happen in exclusive spaces, so people that have the privilege and the luxury to have access to passports and ability to travel have the ability to influence conversations. The change-the-world conversation should not be bound or limited to exclusivity.”

    In his welcome address, Vice Chancellor, Covenant University, Professor Aaron Atayero, represented by the Deputy Vice Chancellor, Prof Akan Williams, expressed the institution’s delight to partner with reputable organisations to foster youth development, which aligns with the university’s core goal of raising a new cadre of leadership in Nigeria. He said the institution is committed to making the youth to develop self-belief, which will enable them become change agents and play a pivotal role in changing the narrative about Nigeria.

    Stanbic IBTC Bank, the official partner to CYCDI InnoCreativa Youth Hub, made a presentation on Funding Creativity and Innovation to achieve SDGs. Head, Personal Banking, Stanbic IBTC Bank, Nkolika Okoli, said Goal 3 of the SDGs and thrust of this year’s summit, Ensure healthy lives and promote well-being for all at all ages, is in line with the Stanbic IBTC Group’s status as an end-to-end financial services solutions provider. In this role, the group caters for the needs of its clients at every stage of life through bespoke products and services. The bank’s product, the Stanbic BluEdge Youth Account, for instance, is targeted at helping students and the youth to have a healthy start in life by cultivating a savings culture very early in life.

    She emphasised that having a desired future entails being financially literate, which is essential to taking informed decisions and actions, adding that the Group is ready and willing to provide support and forge partnerships towards the socio-economic development of Nigeria.