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Tag: Wole Adeniyi

  • Stanbic IBTC offers educational solutions to parents, schools

    Stanbic IBTC offers educational solutions to parents, schools

    In a bid to improve access to quality education in Nigeria, Stanbic IBTC Holdings Plc has showcased a bouquet of educational solutions to provide support to schools, parents, guardians and students.

    The range of financial solutions is targeted at empowering parents and guardians to send their wards back to school with ease, while also enabling school owners to acquire attractive educational facilities that will support learning goals.

    To ensure stress-free investments towards their wards’ education, Stanbic IBTC is offering parents and guardians a savings portfolio for young children and tertiary institution students through its Children Educational Savings Scheme (CHESS) and BlueEdge, respectively.

    The CHESS account offers a higher interest rate than what is earned on regular savings account, while the BluEdge Savings Account allows students to open accounts with zero balances and still earn monthly interest, thus taking away the pressure of setting up an account with huge funds.

    For longer-term educational planning, Stanbic IBTC urges parents and guardians to take advantage of the Stanbic IBTC Education Trust (SET) which is designed to help them fund their children and wards’ education through a flexible and convenient plan with long-term benefits.

    According to Charles Omoera, Chief Executive, Stanbic IBTC Trustees Limited, Stanbic IBTC scientifically estimates the cost of education using key economic parameters and then offers parents/guardians flexible contribution options to select from so that they can effectively plan how to fund their wards’ education now and in later years.

    To ensure educators are also covered, and the children education is not hindered in any way, Stanbic IBTC, through its school loan offer, is giving flexible financial support to school owners to meet urgent cash-flow needs for replacement of old furniture, refurbishment of dilapidated buildings, purchase of stationery and so on.

    As usual, all of Stanbic IBTC’s electronic channels remain available and easily accessible to ensure that school fees’ payments and back-to-school purchases can be made with ease either via the USSD – *909#, internet banking, the mobile app – #Appyness, any ATM nationwide or using a debit/credit card.

    Commenting on the uniqueness of these solutions, Wole Adeniyi, Chief Executive, Stanbic IBTC Bank Plc, said the Stanbic IBTC back-to-school offers are geared towards making the school resumption season easier and more seamless for parents, guardians, and school owners, such that they can meet urgent financial needs at minimal costs.

    “Preparation for school resumption after the Christmas festivities are usually fun, particularly for children. However, the excitement could be dampened if parents have to struggle for school fees and other mandatory payments. Stanbic IBTC knows this, and as such, developed the ‘Back to School’ educational package to help reduce the financial burden on parents and guardians,” Adeniyi said.

    Advising school owners and parents to avail themselves of the benefits of the Stanbic IBTC ‘Back to School’ solutions, Omoera reaffirmed that the organisation has pledged its continuous commitment to the development of education and achievement of educational dreams in the country.

  • Stanbic IBTC supports businesses with new product bouquet

    Stanbic IBTC supports businesses with new product bouquet

    Nigeria’s leading financial institution, Stanbic IBTC Holdings PLC, has highlighted its array of solutions to support businesses in the country to make the most of 2021.

    The solutions on offer are geared towards providing access to flexible funding for small, medium and large-scale enterprises thereby addressing inadequate access to capital, exposure to international markets and inherent challenges plaguing local and international trade. The solutions also allow organisations to take advantage of joint partnerships without the risk of losing capital and benefit from medium to long term investment solutions that help businesses in maximising their resources.

    Commenting on the offerings, Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC, said the solutions were designed to support SMEs and address its customers’ trade and financial needs.

    “Over the years, Stanbic IBTC Holdings PLC, as Nigeria’s leading end-to-end financial services provider, has remained at the forefront of providing financial solutions to business enterprises in the country, while offering Nigerian importers access to its global presence through its Africa China Agent Proposition (ACAP),” Adeniyi said.

    Targeted at business owners who import goods from China or have trade dealings with China, ACAP, through Stanbic IBTC Bank PLC, links Nigerian importers to Chinese exporters, facilitates payments and ensures the successful completion of their trade dealings.

    “Leveraging Stanbic IBTC’s network of Chinese agents, with client satisfaction being the cornerstone, ACAP offers a broad ecosystem of services, solutions and support, which equips African and Chinese businesses to leverage trade and growth opportunities to drive Africa’s growth. The ACAP solution, which has been termed ‘game-changer’, eases the cashflow worries of African importers by providing access to finance while also empowering the importers to have end-to-end visibility of the entire importation and logistic process,” Adeniyi said.

    Likewise, the Stanbic IBTC Trade Club offers business owners exposure to meet and trade with suppliers anywhere in the world, thus giving them the needed exposure for their businesses to thrive.

    With the increasing clamour for diversification of the nation’s economy from crude oil, Stanbic IBTC has also highlighted its Agribusiness solution, which is geared at providing financing options to stakeholders in the agriculture value chain. Simultaneously, Vehicle Asset Financing (VAF) is targeted at financing heavy machines needed for business or personal purpose.

    Commenting on the importance of investment diversification, Oladele Sotubo, Chief Executive, Stanbic IBTC Asset Management, stated that investors should take advantage of the opportunities in the stock market via vehicles such as the Stanbic IBTC Exchange-Traded Funds (ETFs) and equity-focused Mutual Funds which provide a diverse range of investment portfolios well-suited for medium to long-term investing.

    According to him, they are specially designed for investors with higher risk appetite suitable for investing in the Nigerian stock market, which returned circa 50 per cent in 2020. Sotubo emphasised that these funds provide a unique opportunity for individuals and organisations to invest in a portfolio of professionally-managed listed securities, thereby stretching their financial resources to earn even more over an extended period.

    However, the organisation notes the importance of minimising risk and transacting with trust, without the fear of losing in the event of an eventuality. This is why the Stanbic IBTC Escrow Services are a necessity at this time. Tailored at ensuring the security assets including funds, an Escrow account offers buyer-seller protection such that buyers can deposit their money and the Trustee or Escrow Agent initiates payment only when the seller delivers the required goods in line with the Escrow Agreement terms. This way, both parties in a trade deal are protected and businesses can thrive.

    Still, in line with minimising risk, Stanbic IBTC is also emphasising the need for businesses to obtain the fire and special perils insurance coverage in order to protect against unexpected loss that may arise from natural disasters or malicious intent.

    Stanbic IBTC also offers its corporate client’s digital offerings such as Mobile App, Enterprise Online, *909#, Contactless POS, C’gate, PrimePay, Paywithlink and so on, to make business transactions easy and seamless.

    While wishing everyone a prosperous new year, the Stanbic IBTC Bank Chief Executive, Wole Adeniyi, urged existing and prospective customers to take advantage of the array of solutions aimed at supporting business efforts in 2021.

    To sign up on any Stanbic IBTC offering(s) of interest, kindly visit here

  • Stanbic IBTC unveils “21 Days of Christmas” Campaign

    Stanbic IBTC unveils “21 Days of Christmas” Campaign

    In the spirit of this year’s Yuletide, Nigeria’s leading financial services organisation, Stanbic IBTC, a member of Standard Bank Group, has launched a 21 Days of Christmas Campaign aimed at supporting its customers with products and services that meet their lifestyle needs.

    The 21 Days of Christmas campaign serves to encourage customers to spread cheer this holiday season, while also reminding them of the wide range of Stanbic IBTC products designed to ease everyday living. Ranging from the ability to receive payments seamlessly without getting charged when using C’Gate, to being able to gift someone a mutual fund, to getting extra cash needed for the year-end celebrations using a personal credit card loan, customers can enjoy seamless financial solutions from Stanbic IBTC this holiday season.

    Understanding the importance of having cash on hand to cater for self, family and loved ones this season, the financial organisation is reminding customers to take advantage of its EZ Cash product which provides instant loans that can be paid up over 12 months at a meagre 2.5 per cent interest.

    In addition, customers can access up to 50 per cent of their next salary in the form of salary advance, in order to meet urgent financial demands ahead of the festivities. Besides loans, the institution is also making cash more accessible by enabling ATM withdrawals without the use of a debit card using a simple paycode feature.

    Not leaving out business owners, Stanbic IBTC has also provided an overdraft offer for entrepreneurial clients to stock up their stores or buy goods needed to meet their customers’ demands this season.

    In the spirit of giving, Stanbic IBTC is encouraging customers to gift mutual funds that can help loved ones achieve their financial goals over the short, medium and long term. With as little as N5,000, customers can buy mutual fund gifts for others, and those who spread the most cheer, stand a chance of getting rewarded with mutual funds.

    Still on giving, customers can get between 5 to 10 per cent discounts when they shop with their Stanbic IBTC Mastercard or Stanbic IBTC Verve debit cards at various malls and outlets such as Hubmart, Pricepally, Chicken Republic, Konga, Kwik Delivery and Kwik Bites. Not to forget the @Ease Slash, which offers a reduction in bank charges on @Ease wallet to a flat rate of N10 from the regular bank charge for transactions.

    To ensure that customers enjoy ease on all transactions, Stanbic IBTC’s mobile App and online channels will remain accessible for scheduled payments and instant transactions even on public holidays.

    Speaking on the rationale behind these yuletide offers, Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, stated that the 21 Days of Christmas campaign reflects what the season is about, which is to appreciate the organisation’s esteemed clients and support their financial lifestyle needs. According to him: “We are happy to express love to our customers and appreciate them for standing strong throughout the year.”

    Dele Sotubo, Chief Executive, Stanbic IBTC Asset Management, also enjoined customers to invest in the new year early by looking after themselves and celebrating loved ones. “The journey to a prosperous new year begins today. You can take the first step towards maximising your income while spreading love and cheer this yuletide as we express our gratitude for pushing through a most peculiar year,” he said.