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Tag: Stanbic IBTC Holdings

  • WISCAR Presents the 2023 Annual Leadership and Mentoring Conference: “In Her Own Voice: Forging Ahead”

    WISCAR Presents the 2023 Annual Leadership and Mentoring Conference: “In Her Own Voice: Forging Ahead”

    Women in Successful Careers (WISCAR), a non-profit and non-governmental organization committed to advancing professional women in Nigeria and across Africa, proudly announces its 2023 Annual Leadership and Mentoring Conference. The event will take place on Saturday, 9th December 2023, from 10:00 am to 3:00 pm at the prestigious Muson Centre, Onikan, Lagos.

    Themed “In Her Own Voice: Forging Ahead”, the conference will provide an opportunity for a transformative gathering where exceptional women, renowned speakers, policymakers, and thought leaders converge to share insights and engage in a diverse array of activities. The platform fosters inspiration, empowers professional women to take the lead in driving positive change, and generates actionable recommendations contributing to inclusive and sustainable national development. The event will kick off with a Mentoring Walk on Saturday, the 25th of November 2023, at Eko Atlantic City. This walk serves as the inaugural event, setting the tone for the conference and providing an opportunity for participants to engage in meaningful discussions.

    Commenting on WISCAR and its mission for women empowerment, Amina Oyagbola, Founder and Chairperson of WISCAR, said “WISCAR is dedicated to propelling professional women to the forefront of Nigeria and Africa’s development and growth. Drawing inspiration from ALIWA (Africa Leadership Initiative West Africa), we strive to cultivate a powerful network of female professionals equipped to lead, drive social innovation, and take critical decisions that will usher in a new era of excellence in the workplace. Our annual leadership conference is designed to foster a vibrant and supportive environment for women from diverse professional backgrounds to connect, share experiences, and forge meaningful connections. The theme of this year’s conference symbolizes our unyielding commitment to gender equality, women’s empowerment, inclusive governance, and sustainable development. It highlights the enduring and progressive voices of women—a generation poised to break new ground and guide society towards greater achievements and sustained growth and prosperity”.

    The conference will include networking and interactive sessions that drives innovation and encourage participants to engage with each other, expand their professional circles, and build lasting relationships. WISCAR believes that by fostering a sense of community and collaboration, it can empower women to leverage their collective strengths and advance in various fields.

    WISCAR is supported by a variety of organizations that share a commitment to the cause. Diamond sponsors include First Bank of Nigeria, United Airlines, and Pacific Holdings Limited. The platinum sponsor is First City Monument Bank, and the gold sponsor is IHS Nigeria Limited. The silver sponsors are Stanbic IBTC Holdings, Shell Nigeria Exploration and Production Company (SNEPCo), The Shell Petroleum Development Company of Nigeria Limited (SPDC), SunTrust Bank Nigeria Limited, and FSDH Merchant Bank. Bronze sponsors consist of Mainone, Ernst & Young, FBNQuest Merchant Bank, FBNQuest Asset Management, TAJ Bank, and Access Bank. Additionally, strategic sponsors UN Women, Habiba Balogun Consulting, Oyagbola Chambers, AKMS Consulting, Hills + Knowlton Strategies, and DKK contribute to WISCAR’s success.

  • Stanbic IBTC Bank Continues Reward Spree for Customers

    Stanbic IBTC Bank Continues Reward Spree for Customers

    Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and one of the leading financial institutions in the country, held the penultimate live draw for the Reward4Saving Promo Season two, rewarding 70 more customers who met the minimum saving criteria across seven regions.

    The Promo, launched in 2022, aims to encourage a savings culture among customers and reward the same habit. The Promo is open to all Stanbic IBTC Bank customers who have saved a minimum of ₦10,000 in their Stanbic IBTC Bank savings account for 30 days. The cash reward prizes ranged from ₦100,000 to ₦2 million. As part of the bank’s effort to ensure a transparent and fair process, regulatory officials and the media attended to witness the selection of winners through a live draw.

    While speaking at the event, Sadiya Ojo, Head, Consumer Clients, Stanbic IBTC Bank, reiterated its commitment to providing innovative financial solutions that meet its customers’ needs. She commended the winners on embracing a savings culture despite tough economic climes. She also reiterated the bank’s commitment to continue to reward its customers for their dedication and loyalty.

    “Stanbic IBTC has rewarded over 700 customers with ₦100,000 since the commencement of the Reward4Saving Promo Season two. We still have one monthly draw, one quarterly draw, and the grand finale before the Promo ends. We actively encourage customers to build healthy financial habits and get more money as a reward for succeeding,” Sadiya said.

    Kolawole Adebayo, Head, Data Enablement and Insights, Stanbic IBTC Bank, also appreciated the regulatory authorities’ support and guidance in ensuring a fair process. He noted that deploying technology enables the selection to be made through best practices. According to Kolawole, “We carry out these draws using computerised technology. We see all the processes, from client transactions to data collection, applying all the business cases presented to the point where the algorithm pushes data into the draw machines. All of these are without human manipulation too. This process speaks to the transparency in our process to give every qualified customer an equal chance to be winners.”

    To participate in the Promo, customers can download the Stanbic IBTC mobile app, dial *909*37#, visit the web portal or any Stanbic IBTC Bank branch or an @ease agent to open an account or @ease wallet and save at least ₦10,000 for 30 days.The Reward4Saving Promo is one of the many initiatives introduced by Stanbic IBTC to reward its customers and encourage a savings culture in Nigeria.

  • Stanbic IBTC Upgrades Healthcare Short-Term Loan

    Stanbic IBTC Upgrades Healthcare Short-Term Loan

    Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, in line with its contributions to an improved healthcare sector in the country, has upgraded its short-term loan solution within the healthcare value chain.

    This upgrade ensures a flexible repayment period, with affordable interest rate and zero collateral to enable sector players access better financing and achieve optimal service delivery.

    The healthcare short-term loan, which now offers a longer tenor of 12 months, affordable interest rate and zero collateral will foster more investment in the sector and enhance strategic relationships to generate new businesses.

    Speaking at the Medic West Africa Conference, Jane Ike-Okoli, Head, Specialized Sectors, Stanbic IBTC Bank, noted that effective collaboration between the financial institutions and healthcare organizations is key to advancing Nigeria’s health sector.

    She advised financial institutions to be more intentional about complementing the government’s efforts. She said, “Stanbic IBTC has a comprehensive understanding of the healthcare industry and its intricacies. This knowledge inspires us to continue to design innovative yet affordable solutions to boost healthcare businesses across the country.”

    According to her, despite Nigeria being Africa’s largest healthcare market, challenges in the health sector include inadequate healthcare infrastructure and insufficient financing.  “Stanbic IBTC is passionate about driving change, hence our partnership with key stakeholders in the healthcare sector to improve access to healthcare finance. We achieve this by offering flexible funding options for healthcare businesses and providers and strategically partnering with the players in the healthcare ecosystem.

    “Our healthcare solutions are tailor-made for businesses in the sector who need working capital to expand healthcare operations, acquire medical equipment, facilitate medical research, and ultimately grow their healthcare businesses,” she stated.

    Babatunde Akindele, Head, Coverage, Commercial Clients, Stanbic IBTC Bank, also stated that the newly improved healthcare short-term loan is a necessary investment.

     “Healthcare is a basic need that everyone should access easily. The pandemic has increased the pressure on the health sector by revealing the urgent need to expand healthcare facilities. Stanbic IBTC has taken yet another step in the right direction to improve healthcare infrastructure and enable qualitative service delivery, which will restore the hope of many Nigerians,” he said.

    The growth of the Nigerian healthcare sector rests on impactful and innovative finance solutions positioned to create a level playing field for businesses to thrive. Stanbic IBTC has said it remains committed to blazing the trail in this regard.

  • Stanbic IBTC Explores Avenues To Achieve Net Zero Emissions

    Stanbic IBTC Explores Avenues To Achieve Net Zero Emissions

    Stanbic IBTC Holdings, a member of Standard Bank Group, resolved to explore avenues to achieve net zero emissions by 2050, with the hope to create a more sustainable future for all. The organization had since embarked on several laudable initiatives to meet the commitment.

    As described by the United Nations, an organization would attain ‘net zero’ when it had fulfilled its pledge to cut greenhouse gas emissions to as close as zero as possible, while any residual emissions are re-absorbed from the atmosphere.

    In 2020, Stanbic IBTC deployed hybrid solar systems in some of its branches and off-site ATMs across the country, which reduced its total carbon emission by 1.67 tonnes. In addition, the organization reduced its paper usage from printing and photocopies by 30 percent across branch locations on the Go-Green branch initiative. Reduction in paper usage indirectly contributes to reduced tree-felling for paper production.

    In 2021, the financial institution held a sustainability webinar tagged: ‘Working Towards Net Zero Emissions’, as part of the Stanbic IBTC 2021 Sustainability Week event. The webinar aimed to promote public awareness of the impact of climate change and provide practical methods toward carbon footprint reduction and net zero emissions achievement.

    Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC said, “Stanbic IBTC remained committed to addressing issues that relate to climate change and creating an environment that is friendly and habitable for all Nigerians”. 

    Demola pointed out that in line with the Paris Agreement adopted by 196 countries to reduce global warming and build resilience to climate change, the financial institution had taken pragmatic steps aimed at reducing paper usage and carbon emission.

    “We cannot ignore our responsibility in addressing current climate changes. Through small adjustments leading to a more conscientious and sustainable lifestyle, each of us can take part in the global climate protection project,” Demola said.

    “As reflected in one of our strategic value drivers SEE (Social, Environmental and Economic) Impact, Stanbic IBTC is focused on ensuring it does business responsibly whilst positively impacting the society and environment where we operate. Our value drivers serve as the anchor for Stanbic IBTC environmental footprint management, which includes the reduction of carbon emissions, and effective waste management.”

    Speaking in the same vein, Kunle Adedeji, Executive Director, Finance and Value Management noted that the financial organisation strives to accelerate the development of a more sustainable future for all.

    He said: “We have already commenced various workstreams that will help us on the journey towards net zero emissions. Some of these include understanding our energy sources, consumption patterns and possible areas for efficiency; adoption of cleaner energy sources in our office locations, leveraging natural gas and solar energy solutions; and adoption of tree planting programmes which will help us with carbon sequestration.”

    Stanbic IBTC remains committed to reducing global warming by taking part in the global climate protection project to make the world a better place.

  • Stanbic IBTC Set To Host 2022 Africa-China Trade Expo

    Stanbic IBTC Set To Host 2022 Africa-China Trade Expo

    Stanbic IBTC Holdings PLC, a member of Standard Bank Group, would host the 2022 Stanbic IBTC Africa China Trade Expo as part of its efforts at promoting trans-regional trade and development between Nigeria and China. The trade expo would feature a panel discussion, masterclasses on trade, a presentation on the Stanbic IBTC Africa China Trade Solutions and a fully virtual exhibition.

    The two-day hybrid conference and exhibition-themed “Synergy For Growth’ is slated for 10 and 11 August 2022, and is geared at providing insights and opportunities for participants. The event would serve as an avenue to showcase Nigerian and Chinese exhibitors, and would as well provide opportunities to build relationships within the trade community.

    The physical conference is planned to feature keynote speeches and panel discussions by highly experienced subject matter experts and thought leaders in relevant industries and would be an opportunity for exporters and importers to engage and create a marketplace experience.

    Speakers slated for the event include Philip Myburgh, Head, Pan-African China Banking, Standard Bank Group; and Ade Otukomaya, Head, Africa China Banking, Stanbic IBTC Bank. Others are Remy Osuagwu, Executive Director, Business and Commercial Clients, Stanbic IBTC Bank; and Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC.

    The panel discussion, with the theme ‘Promoting Export Activities through Synergy’, would have Samuel Oyeyipo, Deputy Director and Regional Coordinator, Nigerian Export Promotion Council, South West Regional Office, Lagos; Luthando Vuda, Head, Africa China Trade in Business and Commercial Clients, Standard Bank Group; Jane He, Business Manager, Pan Africa China Banking, Business and Commercial Clients, Standard Bank Group, Fola Abimbola, Analyst, Senior, Frontier Africa Equity Research, Stanbic IBTC; and Victor Ayemere, Chief Executive, Zeenab Foods Limited, Operators of the Nigeria Export Trade House China/Far East Region as panelists.

    Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings, spoke on the rationale for the conference. He highlighted that the Stanbic IBTC Africa-ChinaTrade Expo hybrid Conference and Exhibition would be geared at showcasing Nigeria and China trade opportunities while emphasizing  the role of Stanbic IBTC in facilitating inter-regional trade.

    “China is Africa’s biggest trading partner by far and can foster strong trade routes and economies of scale, offering an incredible opportunity to do more than just import goods. With the emphasis on building strong synergy and relationship between China and Nigeria, the Stanbic IBTC Africa-China Trade Expo is expected to provide insights into Nigeria and China trade relations and the role of Stanbic IBTC as a facilitator of inter-regional trade, as well as provide advisory services, allowing trade partners access and unlock the opportunities in Nigeria-China trade,” Demola said.

    “The topics for discourse at the two-day hybrid conference and exhibition would centre on building synergy between Nigeria and China’s economies, building synergy between government agencies and driving export activities through policies and initiatives. Other topics would include building export activities in partnership with Stanbic IBTC and promoting competitive advantage for enhancing export.”

    “The exhibition would also showcase vendors who export from Nigeria to China and vice versa, spanning across agriculture, manufacturing, equipment, processing and packaging firms,” Demola added.

    The Chief Executive noted that through its Africa China Trade Solution (ACTS) and other networks of relations between Africa and China, the financial service provider continued to facilitate economic trade and development between Africa and the Asian country.

    Stanbic IBTC’s trade solutions such as Stanbic IBTC Africa China Trade Solutions (ACTS) continued to enable settlement of international transactions and mitigation of payment risk while providing regional solutions such as issuance of payment guarantees and letters of credit to Nigerian exporters.

    Click here to register for the event.

  • New Winners Emerge at Stanbic IBTC Reward4Saving Season 2

    New Winners Emerge at Stanbic IBTC Reward4Saving Season 2

    Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings recently held the May draws of its ongoing Reward4Saving Season 2 promo at the Stanbic IBTC Head office on Walter Carrington Crescent in Victoria Island, Lagos.

    The second edition of the Reward4Saving promo themed “Bigger and Better”, encourages Nigerians to imbibe a savings culture. By saving N10,000 in their Stanbic IBTC bank account or @ease wallet for at least 30 days, customers stand a chance to win various cash prizes.

    Speaking at the live draws where 70 customers won N100,000 naira each, Emmanuel Aihevba, Head, Main Markets Clients, Stanbic IBTC Bank, said that the initiative is fulfilling the purpose for which it was created as it encourages customers to develop a saving habit and commit to it.

    “As a progressive organisation, our quest to encourage people to cultivate savings habit for rainy days led to the Reward4Saving initiative. The result of that encouragement is impacting the lives of customers as we have all witnessed from the winners of the first season of the promo,” Emmanuel said.

    He stated that the initiative has empowered customers through the rewards, reiterating that empowerment is one of Stanbic IBTC’s core pillars.

    Over N44 million has been credited to more than 300 customers in the Reward4Saving promo; cash prizes ranging from N100,000 in the monthly draws and N1 million in the quarterly draws. The promo which extends across seven regions in the country is still on for the next 10 months and over 735 winners will emerge winners of the outstanding N142million as it progresses.

    He said: “This second season will see more winners because we have kept our word to make it Bigger and Better. We will maintain this throughout till the end of the promo by which time a total of 840 customers would have been rewarded with N100,000 during the monthly draws, N1million in the quarterly draws and grand prizes of N2million.”

    While giving the closing remarks, Oluwakemi Zollner, Head, Sales and Distribution, Stanbic IBTC Bank, said “We are truly glad that we started this initiative to let people know the importance of saving and even happier that they are being rewarded for it. We have rewarded 70 customers today from seven zones and more of our new and existing customers still stand a chance of winning a whooping sum of N2 million at the grand finale”.

    Stanbic IBTC Bank remains committed to empowering its customers through innovative and rewarding initiatives.

  • Stanbic IBTC gives Scholarships to 100 University Undergraduates

    Stanbic IBTC gives Scholarships to 100 University Undergraduates

    Stanbic IBTC Holdings PLC, a member of Standard Bank Group, awarded scholarship to 100 Nigerian youths who had excelled in University Tertiary Matriculation Examination (UTME) and had gained admission for the 2021-2022  academic session. The grants, which would provide the students with the financial aid needed to fulfill their educational needs and pursue their dreams, demonstrated the financial institution’s commitment towards the growth of the Nigerian education sector.

    Each of the successful candidates, who had recently gained admission into universities, would receive scholarships valued at N400,000. The grants would be disbursed in tranches of N100,000 across four academic years.

    The financial institution stated that it focused on empowering  bright-minded individuals with the capacity to gain adequate knowledge needed to become great men and women in life.

    The initiative which commenced in 2019 now has had almost 200  recipients. The beneficiaries were chosen across the six geo-political zones in Nigeria through fair screening processes.

    According to Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings, the scholarship was borne out of the need to empower hardworking and diligent young Nigerian undergraduates, who aspired to pursue their tertiary education in any state or federal university in Nigeria.

    “We believe that everyone deserves a chance to access quality education and we believe in rewarding students who have shown remarkable academic excellence. This initiative will go a long way in easing the financial burdens of these undergraduates who participated in the UTME and gained admission into various Nigerian state and federal universities for the 2021-2022 academic session. We are pleased to announce the 100 winners of this year’s scholarship scheme for undergraduates in 33 universities across the 36 states and the FCT. We wish them great success in their academic journey” he said.

    Asides the first tranche of disbursement, subsequent disbursements would be subject to beneficiaries maintaining their enrolment in their respective universities and degree programs they were admitted into, adhering to the academic and administrative policies of the university, and the provision of a letter of good conduct issued by their respective departments. Beneficiaries would also be required to maintain a Cumulative Grade Point Average (CGPA) of at least a second class upper range, amongst other requirements.

    Demola further added that education remained one of the keys to facilitating a nation’s prosperity, hence the introduction of the scholarship initiative.Stanbic IBTC remains committed to driving value-added initiatives like the University Scholarship programme to contribute to the educational development of the Nigerian youth.