Tag: Stanbic IBTC

Stanbic IBTC Bank, a member of Standard Bank Group, has launched its Digital Lending Suite, an integrated platform that consolidates all the bank’s retail loan offerings into one digital access point.

The platform has products such as EZ Cash, Unsecured Personal Loan (UPL) and many more consumer loan options reflecting the bank’s commitment to simplifying borrowing and strengthening financial inclusion through technology.

The Digital Lending Suite was developed in response to customers’ evolving needs for convenient, secure, and reliable credit solutions. By providing seamless access to multiple loan products via digital channels, the bank continues to demonstrate its leadership in driving financial innovation within Nigeria’s banking sector.

EZ Cash is designed to meet immediate, short-term needs, offering customers instant access to loans from N50,000 up to N10 million with a tenor of up to 24 months.  The Unsecured Personal Loan (UPL) caters to medium- to long-term financing requirements, providing larger loan amounts with repayment tenors of up to 48 months.

It is structured to accommodate salaried customers seeking to fund personal projects or lifestyle needs, with the added option to revolve the facility once a portion of the loan has been repaid.

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Both products are exclusively available to salaried customers whose accounts are domiciled with Stanbic IBTC Bank; subject to credit assessments and approvals.

Commenting on the launch, Olu Delano, Executive Director, Personal & Private Banking, Stanbic IBTC Bank, noted that the Digital Lending Suite reinforces Stanbic IBTC Bank’s commitment to delivering customer-centric, technology-driven financial services. “By integrating our loan offerings into a single digital platform, we are improving access to credit while maintaining the speed, security, and reliability that our customers trust Stanbic IBTC Bank to provide.”

The Digital Lending Suite is available across multiple digital touchpoints, enabling customers to apply and receive funds with ease. Applications are processed digitally via the new Stanbic IBTC Mobile App 3.0. The product is collateral-free, comes with a fixed monthly interest rate, and offers flexible repayment, including early repayment without penalty.

Stanbic IBTC Bank has taken a significant step in empowering stakeholders by hosting a strategic client forum focused on Nigeria’s economic trajectory.

The event, themed “Beyond the Numbers: Unpacking Nigeria’s Economic Trajectory – 2025 and Beyond,” brought together key stakeholders to discuss the country’s economic future and the role of financial institutions in driving growth.

The global market forum featured expert presentations that highlighted the significance of macroeconomic analysis and market intelligence in navigating Nigeria’s economic landscape. Attendees were provided with insightful perspectives on current trends and future projections, enabling them to make informed, strategic decisions in a dynamic environment.

Eric Fajemisin, Executive Director, Corporate and Transaction Banking, Stanbic IBTC Bank, expressed the bank’s commitment to enabling clients and partners to make informed choices. “Our goal with this forum is to empower our clients and partners to navigate these times when economic conditions are continually evolving,” he remarked.

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Dare Otitoju, Head, Global Market Nigeria, Stanbic IBTC Bank, highlighted the bank’s focus on evolving beyond traditional financing solutions. “Our role extends beyond traditional financing. We strive to be true partners that enable success for all our clients by equipping them with relevant tools that foster growth,” he stated.

The forum provided a platform for attendees to engage directly with the bank’s team of economists and analysts, fostering a collaborative atmosphere that encouraged the sharing of innovative ideas and strategies.

 Feedback from attendees indicated that the event was a resounding success, with many remarking on the importance of informed decision-making in navigating economic challenges.

Stanbic IBTC Bank’s dedication to thought leadership and client empowerment is evident in this initiative. As Nigeria navigates significant reforms and global shifts, this forum has equipped participants with the clarity and context needed for effective decision-making.

The board of Stanbic IBTC Holdings Plc has appointed Mr. Chukwuma Nwokocha as the substantive Group Chief Executive of the group. The appointment took effect yesterday, after the receipt of all required regulatory approvals.

Nwokocha’s appointment followed the completion of Dr Adekunle Adedeji’s tenure as Acting Chief Executive, during which time the board undertook a formal appointment process in accordance with regulatory requirements.

However, Adedeji will continue in his role as Executive Director and Chief Finance and Value Management Officer of the company.

Chairman, Stanbic IBTC Holdings Plc, Mrs Sola David-Borha, said the board was delighted with Nwokocha’s appointment, highlighting his strong track record in board governance, financial oversight, strategic transformation as well as regulatory engagement.

She also extended the board’s deep appreciation to Adedeji for his exemplary leadership and dedication; and for steering the affairs of the company and group during the transition period.

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She said: “It is worthy of mention that under Dr Adedeji’s leadership, the group recorded its best financial performance since inception. The group also successfully completed its rights issue programme which ensured that its banking subsidiary met the Central Bank of Nigeria’s recapitalisation requirements ahead of the 31 March 2026 deadline”.

 Nwokocha is a seasoned banking executive and chartered accountant with over three decades of leadership experience across Africa.

He has held several Chief Executive and Board-level roles in leading financial institutions including Chief Executive, Standard Bank, SA; (the Mozambican subsidiary of the Standard Bank Group), driving strategic growth, governance, and operational excellence. His expertise spans retail and corporate banking, as well as mergers and acquisitions.

The Board is confident that Mr. Nwokocha’s leadership would be instrumental in driving the growth strategy of Stanbic IBTC Group into the future.

The Nigeria-South Africa Chamber of Commerce (NSACC), led by its Chairman, Ije Jidenma, has commended Stanbic IBTC Bank for its longstanding partnership and pivotal role in strengthening economic relations between both countries.

Jidenma gave the commendation during a courtesy visit to the bank’s Lagos office, where she conveyed the Chamber’s appreciation to Stanbic IBTC’s Managing Director and CEO, Wole Adeniyi, on behalf of the Board and members.

She described the visit as part of NSACC’s renewed efforts to reconnect with strategic partners that have consistently supported its mission of fostering trade and investment.

Stanbic IBTC was particularly lauded for its unwavering commitment to the Chamber through thought leadership, advocacy, and active participation on its board.

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Highlighting the Chamber’s new strategic direction, Jidenma said NSACC is aligning its activities around four pillars—membership growth and engagement, brand visibility and influence, trade and investment opportunities, and advocacy and stakeholder engagement.

She noted that Stanbic IBTC’s corporate values closely align with these objectives.

The visit also doubled as a platform to brief the Bank on preparations for the Chamber’s 25th Anniversary celebrations. Jidenma invited Stanbic IBTC to play a leading role in marking the milestone, stressing its importance as a symbol of the South Africa–Nigeria economic partnership.

 “As one of our most valued members, we look forward to working with Stanbic IBTC to make the anniversary not only memorable but also transformational,” she said.

The engagement reaffirmed the strong ties between NSACC and Stanbic IBTC Bank while paving the way for deeper collaboration to advance regional integration and sustainable economic growth across Africa.

Stanbic IBTC Bank is set to host the 2025 Home Loan Breakfast Session, themed, ‘Building Tomorrow Today: Transforming the Path to Homeownership.’

This highly anticipated event will take place in Lagos on Tuesday, 03 June 2025 and later in the year in Abuja, offering both in-person and virtual participation.

Building on the success of its inaugural summit, Stanbic IBTC Bank is committed to empowering individuals, families, and business owners with the means to own their dream homes and properties by providing and enlightening customers about Stanbic IBTC’s home loan solutions, benefits and flexible repayment options.

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The summit will feature expert insights into real estate investment, financing options, and emerging market trends. Discussions will also cover protecting wealth through insurance and creating a legacy and passing on wealth across generations through wills and trusts, all catered to by the Stanbic IBTC Group.

“As access to affordable housing remains a pressing issue, our Home Loan solution offers hope. With competitive interest rates, flexible equity contribution, and personalised guidance, our Bank aims to bridge the gap and make homeownership attainable for our stakeholders,” said Wole Adeniyi, Chief Executive Stanbic IBTC Bank.

By bringing together financial strategists, real estate professionals, and forward-thinking Nigerians, the summit promises to be a pivotal gathering for aspiring homeowners, real estate investors, and financial enthusiasts. The event will empower individuals to turn their property ambitions into tangible, long-term wealth. Registration is now open for the 2025 Home Loan Breakfast Session.

In commemoration of World Malaria Day 2025, Stanbic IBTC has launched a bold, multi-state initiative to curb the spread of malaria, Nigeria’s most prevalent vector-borne disease. The outreach, which began on 25 April – World Malaria Day, in Nchatancha, Enugu East Local Government Area (LGA), continued on 28 April in Okpanam, Oshimili North LGA, Delta State, and was concluded on 30 April in Wudil Ward, Wudil LGA, Kano State.

The initiative delivered free malaria testing and diagnosis; administration of treatment drugs to those who tested positive; awareness talks on malaria prevention and distribution of long-lasting insecticidal nets (LLINs). These efforts directly impacted over 5,800 individuals across the three states.

Speaking on the initiative, Kunle Adedeji, Acting Chief Executive of Stanbic IBTC Holdings, said: “We are proud to support World Malaria Day 2025 and contribute to global efforts to control and eliminate malaria. Our partnership with stakeholders has helped raise awareness about the disease; promote prevention and control measures; and inspire action towards achieving a malaria-free world.”

This year’s World Malaria Day theme, “Malaria ends with us: Reinvest, reimagine, reignite,” called for renewed commitment to malaria prevention and control efforts. Stanbic IBTC responded to this call by implementing this multi-state approach, targeting vulnerable communities.

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The initiative comes at a critical time when sustainable investment in malaria prevention is needed to protect vulnerable populations. According to the World Health Organization (WHO), there were an estimated 263 million malaria cases and 597,000 deaths worldwide in 2023 – representing about 11 million more cases compared to 2022.

Nigeria bears a disproportionate burden of the disease, accounting for 30.9 per cent of all malaria deaths in the WHO African Region. Children under five years old account for approximately 76 per cent of all malaria deaths in the region, making timely interventions crucial for survival.

Through its comprehensive programme, Stanbic IBTC continues its long-standing commitment to promoting health, well-being, and sustainable development in the communities it serves. By focusing on grassroots engagement, the financial institution ensures that life-saving information and resources reach those most at risk.

The campaign represents a model for effective corporate intervention in public health challenges. By supporting prevention, early diagnosis, and effective treatment strategies, this initiative helps save lives and strengthens community resilience against this preventable and treatable disease.

Stanbic IBTC’s malaria intervention aligns with global efforts that have averted an estimated 2.2 billion cases of malaria and 12.7 million deaths since 2000, according to the WHO.

Stanbic IBTC Bank’s Corporate and Investment Banking (CIB) division is set to hold an innovative gas and infrastructure conference aimed at bringing key stakeholders from the energy and infrastructure sectors together.

The conference, scheduled to hold on Tuesday, 25 February 2025, will focus on the theme: Driving Gas and Infrastructure Opportunities in Africa. The vital roles that energy and infrastructure play in promoting comprehensive economic development and resilience across Nigeria will be discussed.

The conference will feature distinguished global executives from Standard Bank Group alongside prominent industry leaders and regulatory authorities. It aims to foster a holistic approach to development by exploring synergies between energy solutions and various critical infrastructure segments, including transportation, healthcare, and communications networks.

Eric Fajemisin, Executive Director, Corporate and Investment Banking, Stanbic IBTC Bank, stated, “Nigeria’s economic future hinges on our ability to develop integrated solutions that link our energy capabilities. This includes investment strategies for renewable energy projects and frameworks for financing green infrastructure, all while promoting broader critical infrastructure development.’’

This conference unites visionaries who can transform these connections into tangible economic growth, job creation, and increased productivity across all sectors.”

The conference will feature a distinguished panel session, during which industry experts will explore how integrated development approaches can address Nigeria’s infrastructure deficit while promoting economic diversification. Key sector leaders from Standard Bank will also share expert views on how strategic collaboration in gas, power, and infrastructure can create sustainable opportunities for growth and development in Africa.

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Joyce Dimkpa, Head, Client Coverage, Stanbic IBTC Bank, emphasised that Stanbic IBTC Bank believes effective collaboration between the gas and infrastructure sectors is essential for driving Nigeria’s economic growth. “As we share insights and explore innovative solutions, we aim to forge partnerships that address challenges and unlock potentials for economic diversification” she said.

The comprehensive agenda will address critical aspects of integrated development, including innovative financing mechanisms for cross-sector projects, strategies for enhancing energy security while expanding infrastructure networks, and frameworks for public-private partnerships that maximise economic impact. Discussions will focus on practical solutions for overcoming energy shortages while advancing infrastructure development across sectors.

The event, to be held in Lagos will welcome senior executives and key decision-makers, creating an intimate environment for meaningful dialogue. This focused gathering will enable participants to explore collaborative opportunities that promote economic diversification and expansion.

This conference reinforces Stanbic IBTC Bank’s commitment to driving comprehensive economic development leveraging extensive expertise and networks to drive sustainable growth and development across the continent.

• New funds to support $1tr economy agenda

Stanbic IBTC Holdings Plc yesterday urged shareholders to pick up their rights in the ongoing recapitalisation in order to consolidate their ownership in a group that has consistently delivered positive returns to investors.

Stanbic IBTC Holdings is offering 2.945 billion ordinary shares of 50 kobo each to existing shareholders at N50.50 per share. The rights issue has been pre-allotted on the basis of five new ordinary shares for every 22 ordinary shares held as at October 29, 2024. The acceptance list opened on January 15, 2025 and will close on February 21, 2025.

At a “Facts behind the Rights Issue” presentation at the Nigerian Exchange (NGX) yesterday in Lagos, Stanbic IBTC Holdings outlined why the rights issue represents a compelling opportunity for existing shareholders, citing the group’s historical financial performance and returns to shareholders.

Acting Chief Executive Officer, Stanbic IBTC Holdings Plc, Mr. Kunle Adedeji, said the rights issue would enable shareholders to consolidate their ownership and support growth initiatives, thus aligning their interest with the group’s long-term success.

He noted that the rights issue’s price is at a discount to market price, providing an attractive entry point for shareholders to increase their stake without incurring transaction costs such as commissions or regulatory fees on new shares.

He pointed out the preeminence position of the group in Nigeria’s economy, noting that the group is the only financial holdings company rated above Nigeria’s sovereign rating and one of the top five for capital importation into the country over the years.

According to him, despite macroeconomic headwinds, Stanbic IBTC has been recording a faster growth rate than the industry average, with total shareholder returns averaging 27 per cent in the past 10 years.

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Nominal dividend payout has grown at a 10-year cumulative annual growth rate (CAGR) of 15 per cent from N1.07 per share in 2014 to N3.70 per share in 2023, with the company also declaring a interim dividend of N2 for the first half of 2024.

Adedeji added that earnings per share has also grown consistently at a 10-year CAGR of 18 per cent from N2.72 per share in 2014 to N13.90 per share by third quarter of 2024.

He said the group’s diversified business model, strong credit ratings above national ceiling, market leadership across business verticals, outstanding financial position and track record of delivering consistent returns make it a compelling investment.

He explained that the rights issue would enable the group’s banking business meet the new minimum capital requirement set by the Central Bank of Nigeria (CBN) while also strengthen the group’s funding base, enabling it to pursue its growth strategies across its key operations and enhance its market position.

“By raising additional capital, the banking business can enhance its individual corporate borrower limit, allowing it to lend larger amounts to individual borrowers without breaching regulatory limits,” Adedeji said.

He pointed out that 96.35 per cent of the net proceeds of the rights issue, estimated at N145.7 billion would be injected into Stanbic IBTC Bank while 3.65 per cent would be invested in other subsidiaries and also used as working capital.

Chief Executive Officer, Stanbic IBTC Bank, Wole Adeniyi, expressed confidence in the offer, describing it as a pivotal move to consolidate the group’s leadership in Nigeria’s financial sector.

“This robust performance provides existing shareholders with an attractive opportunity to increase their equity stake through the rights issue,” Adeniyi said, urging shareholders to take up their rights.

Meanwhile, NGX’s e-offering platform, NGX Invest, has continued to revolutionise capital-raising with the addition of Stanbic IBTC Holdings’ N148.7 billion rights issue.

Speaking on the significance of NGX Invest, Chief Executive Officer, Nigerian Exchange (NGX), Jude Chiemeka, said the the success of NGX Invest as a capital-raising platform reinforces Exchange’s commitment to providing innovative solutions for issuers and investors alike.

He noted that Stanbic IBTC’s confidence in the market infrastructure reflects the opportunities the NGX continues to create for sustainable growth in Nigeria’s financial markets.