In an effort to consolidate on its impressive financial performances and market leadership across the financial services spectrum, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced a number of Board appointments in some of its subsidiaries. The appointments, which are expected to bring fresh thinking and ideas as well as energy…
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Stanbic IBTC Unveils Enhanced School Fees Payment Solutions
As schools reopen for another session following the Christmas and New Year festivities, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has reassured parents and guardians of the bank’s readiness to help minimize the financial burden of paying their children/wards fees as well as maximize a stress free payment process through its…
Stanbic IBTC Draws N413.62b Capital Inflows Into Nigeria
In the second quarter of this year, Stanbic IBTC, a member of Standard Bank Group, facilitated a staggering $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria. The Nigerian Bureau of Statistics (NBS), in its Capital Importation Q2 2017 Report, stated that Stanbic IBTC accounted for…
Court Orders Stanbic IBTC To Pay N50b Damages Over False Report
The sum of N50 billion has been slammed on Stanbic-IBTC bank Plc and CRC Credit Bureau limited as general damages for false, malicious and injurious falsehood publication against one of its customers, Longterm Global Capital Limited. Justice Candide-Johnson of a Lagos High Court, who gave the ruling, also ordered the bank and CRC Credit Bureau…
Stanbic IBTC In Trouble Over Breach Of Contract, Gets N2b Lawsuit
Stanbic IBTC Bank Plc has been dragged to a Lagos High Court by a limited liability firm for an alleged breach of contract. The company, Infinity Snacks and Beverages Limited, accused the bank of making it suffer economic misfortune as a result of the development. In a statement of claim filed before Justice A. M.…