Fitch Ratings affirms Stanbic IBTC Holdings creditworthiness

By Segun Odunewu, Lagos Stanbic IBTC Holdings PLC, has received a significant affirmation of its creditworthiness as Fitch Ratings reaffirms its National Long-Term Ratings at ‘AAA(nga)’ with a Stable Outlook. The rating also extends to its subsidiary, Stanbic IBTC Bank PLC, highlighting its strong support from its ultimate parent, Standard Bank Group Limited (SBG) of South Africa, and underscores its Read More

Demola Sogunle increases stake in Stanbic IBTC

March 28, 2023 Segun Odunewu 0

The Chief Executive Officer of Stanbic IBTC Holdings Plc, Demola Sogunle, has increased his stake in the Deposit Money Bank (DMB). Sogunle acquired 1.52 million shares between March 21 and 24, 2023, a corporate document notifying shareholders and the investing public disclosed. The bank chief paid N56.35 million to purchase the 1.52 million shares on the Nigerian stock exchange to Read More

PenCom appoints Stanbic IBTC to process RSA backed mortgages

March 9, 2023 Blessing Anaro 0

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has been named as one of the banks to process Retirement Savings Account (RSA) backed mortgages by the National Pension Commission (PenCom). The RSA Backed mortgage initiative of the Pension Commission allows contributors to use up to 25 per cent of their contribution as equity to purchase a home in their Read More