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Stanbic Bank in Nigeria is part of one of Africa's leading banking and financial services groups, Standard Bank Group Limited, which is based in South Africa and listed on the Johannesburg Securities Exchange.
Rooted in Africa and with representation in strategic sub-Saharan markets, Standard Bank is a regional banking force with a global sweep. With total assets of about US$81 billion and employing about 35 000 people worldwide, Standard Bank has the largest presence in Africa of any African bank.
Our network spans 17 sub-Saharan countries and extends to 21 countries on other continents, including the key financial centres of Europe, the United States and Asia. In addition to banking, Standard Bank has a strategic interest in the insurance industry through its control of the Liberty Group, one of Africa's leading life offices and financial services groups.
The group has one of the biggest single networks of banking services in Africa. Through this network we offer a wide range of banking products and services which are delivered through more than 1 000 points of representation in 17 African countries (including Nigeria). We are active in international and cross-border transactions and in those areas liaise closely with Standard Bank Corporate and Investment Banking and Standard Bank London.
Stanbic Bank in Nigeria opened in 1984 as Grindlays Merchant Bank of Nigeria. We changed our name to Stanbic Bank Nigeria in 1992 following the take over of ANZ Grindlays' African operations by Standard Bank. The group's investment is 93% of the issued share capital and is now trading as Stanbic Bank.
The bank caters to large multinationals and corporates through its branches in Abuja, Ikeja, Kano, Lagos and Port Harcourt.
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