Stanbic IBTC wins Best Investment Bank in Nigeria at Euromoney Awards

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Midea Showrooms And Stores In Nigeria

If you’ve been wondering where Midea showroom and stores are in Nigeria below is a list of Showrooms and...

Ankara Styles For Slim Ladies: Top 5 Looks You Must Try! (Pictures)

Today’s fashion of Nigeria shows off plenty of Ankara styles for slim ladies, that will help them to create a...
- Advertisement -
- Advertisement -

Stanbic IBTC Capital Limited, a member of Stanbic IBTC Holdings PLC (“Stanbic IBTC”), reaffirmed its position as the leading investment banking institution in Nigeria by winning the Best Investment Bank in Nigeria award at the Euromoney Awards for Excellence 2018 held in London recently. Standard Bank, to which the Stanbic IBTC belongs, was also voted Africa’s Best Bank for Wealth Management. The award ceremony had almost 700 leading bankers from around the world, including from Stanbic IBTC and Standard Bank, in attendance. 

Chief Executive, Stanbic IBTC Holdings PLC, Mr Yinka Sanni, expressed delight with the recognition. According to Sanni, the award is a demonstration of the growing hunger and capacity of Stanbic IBTC, drawing on Standard Bank’s expertise, to provide game-changing financial and advisory solutions to clients across market segments. “We are delighted to be recognised as the foremost investment bank in Nigeria. The award speaks to our implacable commitment to deliver innovative investment banking solutions to clients across various sectors,” Mr Sanni said. 

Mr Sanni added that even though Stanbic IBTC has its roots in wealth management and investment banking hence its market pedigree and leadership in the space, the group has since grown competency across the entire financial solutions value chain as a leading end-to-end financial services provider and intends to sustain the legacy in the foreseeable future. 

Euromoney Awards for Excellence announced that the 2018 awards recognised banks in almost 100 countries, in all regions and in 20 global categories. Euromoney noted that “Stanbic IBTC, Nigeria’s best investment bank, closed 38 investment banking deals in 2017, despite macroeconomic conditions that while improving, remain challenging.” 

Chief Executive, Stanbic IBTC Capital Limited, Funso Akere, who represented Stanbic IBTC at the award ceremony, thanked Stanbic IBTC clients for the opportunity to advise them on complex M&A transactions, capital raisings and debt financings. He assured them that Stanbic IBTC will continue to deliver innovative and best-in-class solutions. 

Stanbic IBTC Capital last month advised Dangote Cement Plc on a N50 billion Series 1 and 2 commercial paper (“CP”) issuance, the largest ever CP issuance by a Nigerian company, which was oversubscribed. Stanbic IBTC Capital also advised on deals in the first half of 2018 for clients including Nigerian Breweries Plc, Flour Mills of Nigeria Plc, UAC of Nigeria Plc, Presco Plc, Nigeria Mortgage Refinance Company Plc, Dufil Prima Foods PLC, Sterling Bank Plc, Novare and Actis. 

Stanbic IBTC Capital is a wholly owned subsidiary of Stanbic IBTC Holdings PLC, a member of Standard Bank Group, a full-service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group is the largest African financial institution by assets and market capitalization. It is rooted in Africa with strategic representation in 20 countries on the African continent. Standard Bank has been in operation for 155 years and is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

TV Sales Volume of TCL Electronics Remains No.2 in US Market

SHENZHEN, CHINA - EQS Newswire - 14 November 2019 - As a global leading manufacturer of Smart TV brand, TCL Electronics (the...

SACRA MUSIC Commences Global Animation Song Cover Project "WACAVA Project"!

First series of cover songs distributed and cover singer auditions held TOKYO, JAPAN - Media OutReach - 14 November 2019 - Sony Music Labels Inc. (Headquarters: Chiyoda-ku, Tokyo, Representative Director:...

Challenges Facing Financial Inclusion In Nigeria

Financial inclusion is a term used to describe a population’s reasonable access to affordable financial services. Financial services in this context include a range of...

The State of Financial Services in Sub-Saharan Africa: How Youth in Six African Nations Spend, Save, And Invest – Report

Since the reformation of financial sectors throughout Africa in the 1990s, there has been a focus on economic development in sub-Saharan Africa through the...

More Articles Like This