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Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings Plc, which belongs to the Standard Bank Group, has secured its debut syndicated term loan facility. The one-year transaction that was led by MashreqBank psc as Coordinating Bank and sole Bookrunner, was oversubscribed. Stanbic IBTC closed the syndication within six weeks of launch at a competitive pricing threshold given the prevailing market conditions.
With the holiday season around the corner, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has launched a two-month nationwide loyalty campaign in which both existing and prospective customers are offered a new world of opportunities, while also delighting them with valuable gifts for their patronage.
Stanbic IBTC’s Money Market Fund (SIMM) has become the first low-risk open-ended mutual fund in West Africa to cross the N50 billion mark in Net Asset Value. The fund, managed by Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, achieved this milestone in October 2015 and further burnished its position as the largest listed fund in the country.
Global Finance World’s Best FX Providers
Emeafinance African Banking Awards