Stanbic IBTC Bank Ltd.
Address: Head Office: I.B.T.C. Place, Walter Carrington Crescent, Victoria Island, Lagos
Phone: +234 1 2626520-40; Fax: +234 1 2626541/2
Stanbic-IBTC is one of the new banks in Nigeria formed as a result of a merger between Stanbic Bank Nigeria and IBTC Chartered Bank plc. Prior to the merger, Standard bank acquired IBTC shares from the public at a nice price and later joined its operations with the IBTC.
Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary - IBTC Asset Management Limited, has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria's largest mutual fund with a net asset value in excess of N25 billion (as at December 2007). It is the only bank that has a direct subsidiary that is a pension fund administrator.
Stanbic IBTC Bank PLC is a well priced stock on the stock exchange and it offers its clients a wide range of banking products and solutions. The bank has more than 60 branches spread across Nigeria and has a positive social responsibility.