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Stanbic IBTC Holdings PLC. came alive 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 either divest from non-core banking financial services or adopt a holdings’ company structure.
Stanbic IBTC Bank Plc; Standard Chartered Bank Nigeria Ltd, part of Standard Chartered Group; Sterling Bank Plc; SunTrust Bank Nigeria Ltd; Titan Trust Bank Ltd; Union Bank of Nigeria Plc; United Bank For Africa Plc, part of UBA Group; Unity Bank Plc; Wema Bank Plc; Zenith Bank Plc
Most of the newly acquired banks were renamed Stanbic Bank, to avoid confusion with the former parent (and now competitor), Standard Chartered, which continued to operate in Africa. [8] Several more banks in Africa were acquired during the 1990s, and adopted the Stanbic name. [ 8 ]
Peterside founded the Investment Banking & Trust Company Limited (IBTC) in February 1989 at age 33. He served as the Bank's CEO till 2007.. IBTC opted to comply with the Central Bank of Nigeria order in 2005 (that all commercial banks had to have a N25 billion minimum capital base) by raising more capital and also acquiring two commercial banks; Chartered Bank Plc and Regent Bank Plc, in order ...
Sanni began his banking career in 1990, in Lagos, at Investment Banking & Trust Company Limited (IBTC). In 2005, IBTC merged with two commercial banks to form IBTC Chartered Bank. In 2007, Standard Bank Group acquired IBTC, and the company was renamed Stanbic IBTC. Over the last 30 years, since joining the banking industry, Sanni has worked in ...
Stanbic Holdings Plc, formerly known as CfC Stanbic Holdings Limited, is a Kenyan financial services organization with headquarters in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan. Stanbic Holdings is a member of the Standard Bank Group , a financial services giant based in South Africa .
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Currently, she is the Chairman of the Board of Stanbic IBTC Holdings. [1] [2] [3] She was the CEO of Stanbic IBTC Holdings until January 2017 and was deputy CEO and executive director of corporate & investment banking. She was the CEO of Stanbic IBTC Bank Plc from May 2011 to November 2012, and was head of investment banking for Africa ...