In this article on Comnavihyogo.com, we will explore the ownership structure of Stanbic IBTC Bank and provide insights into who owns the bank.
Atedo Peterside is the founder and chairman of Anap Business Jets Limited, a leading provider of executive air charter services in Nigeria.
He is also the founder of Stanbic IBTC Bank, having served as the bank’s pioneer CEO from 1989 to 2007.
Peterside played a significant role in the development of Nigeria’s financial sector, particularly in the areas of investment banking and capital markets.
He was instrumental in the establishment of the Nigerian Stock Exchange’s Alternative Securities Market (ASeM) in 2003, which provides a platform for small and medium-sized enterprises to access capital.
Peterside is also a philanthropist, having established the Atedo Peterside Foundation (Anap Foundation) in 2015. The foundation focuses on improving healthcare, education, and the environment in Nigeria.
While Peterside played a critical role in the establishment and growth of Stanbic IBTC Bank, he is not the current owner of the bank.
The bank is a subsidiary of the Standard Bank Group, with the majority of the bank’s shares owned by the Standard Bank Group and Nigerian investors.
Stanbic IBTC Bank is a leading financial institution in Nigeria, offering a range of banking and financial solutions to individuals, businesses, and corporate organizations.
The bank has a reputation for delivering innovative and customer-focused solutions to meet the evolving needs of its clients.
More on Stanbic IBTC Bank
Stanbic IBTC Bank was formed in 2007 as a result of the merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc.
The merger brought together two leading financial institutions in Nigeria, creating a stronger and more efficient bank.
Today, Stanbic IBTC Bank is a subsidiary of the Standard Bank Group, one of the largest financial services organizations in Africa.
The ownership structure of Stanbic IBTC Bank is as follows:
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Standard Bank Group:
Standard Bank Group is the majority shareholder of Stanbic IBTC Bank, owning 64.72% of the bank’s shares.
Standard Bank Group is a leading financial services organization in Africa, with a presence in more than 20 countries across the continent.
The group has a long and rich history, dating back over 155 years, and has played a significant role in the development of Africa’s financial sector.
Standard Bank Group’s majority shareholding in Stanbic IBTC Bank underscores the group’s commitment to Nigeria’s financial sector.
Nigeria is one of Africa’s largest economies, and the group recognizes the country’s potential for growth and development.
Standard Bank Group’s investment in Stanbic IBTC Bank is a testament to its confidence in the Nigerian economy and its long-term strategic focus on Africa.
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Nigerian Investors:
Nigerian investors own the remaining 35.28% of the bank’s shares.
The Nigerian investors in Stanbic IBTC Bank include individuals, institutional investors, and other corporate organizations.
The Nigerian shareholders have a significant stake in the bank’s operations, ensuring that the bank’s decision-making process takes into account the interests of Nigerian investors and the Nigerian economy.
The Nigerian investors in Stanbic IBTC Bank include some of the country’s largest pension funds, which have invested in the bank as part of their long-term investment strategy.
The bank’s ownership by Nigerian investors also ensures that the bank is well-positioned to meet the needs of its clients in Nigeria, given the country’s unique economic and business environment.
The ownership structure of Stanbic IBTC Bank reflects the bank’s commitment to the Nigerian economy and its potential for growth.
The bank has played a significant role in the development of Nigeria’s financial sector, providing a range of banking and financial solutions to support the growth of businesses and individuals across the country.
Stanbic IBTC Bank’s ownership structure also reflects the importance of collaboration and partnership in the development of Africa’s financial sector.
The bank’s partnership with the Standard Bank Group provides it with access to a range of resources and expertise, enabling it to deliver world-class banking and financial solutions to its clients in Nigeria.
Conclusion
In conclusion, Stanbic IBTC Bank is a subsidiary of the Standard Bank Group, one of the largest financial services organizations in Africa.
Standard Bank Group is the majority shareholder of Stanbic IBTC Bank, owning 64.72% of the bank’s shares, while Nigerian investors own the remaining 35.28% of the shares.
The ownership structure of Stanbic IBTC Bank reflects the bank’s commitment to Nigeria’s financial sector and its potential for growth, as well as the importance of collaboration and partnership in the development of Africa’s financial sector.