type public company nse stanbic industry financial services founded 1989 1 headquarters lagos nigeria key people sola david borha chief executive officer atedo n.a. peterside founder and chairman products loans savings investments debit and credit cards mortgages revenue ngn 67.41 billion 2012 2 total assets ngn 85.65 billion 2012 3 number of employees 2 077 2013 4 website homepage stanbic ibtc holdings commonly referred to as stanbic ibtc is a financial service holding company in nigeria with subsidiaries in banking stock brokerage investment advisory pension and trustee businesses . stanbic ibtc holdings is a member of the standard bank group a financial services giant based in south africa . standard bank is africa s largest banking group ranked by assets and earnings operations in 20 african countries and 13 countries outside africa . 5 contents 1 overview 1.1 before the merger 1.1.1 ibtc chartered bank plc 1.1.2 stanbic bank nigeria limited 1.2 the merger 2 member companies 3 ownership 4 governance 5 see also 6 references 7 external links overview edit stanbic ibtc holdings came to being as the result of a through merger between stanbic bank nigeria limited and ibtc chartered bank plc. before the merger edit ibtc chartered bank plc edit investment banking & trust company plc ibtc was formed as an investment bank on 2 february 1989 with atedo n.a. peterside chief executive officer . 6 in 2005 the central bank of nigeria announced its re capitalization program for commercial banks . this meant that all commercial banks had to have a ngn 25 billion minimum capital base . this cbn order led to the merger of investment banking and trust company ibtc with chartered bank plc and regent bank plc on 19 december 2005 to form ibtc chartered bank plc with a total asset base ngn 125 billion 7 and listed on the nigerian stock exchange . stanbic bank nigeria limited edit stanbic bank nigeria limited was founded in 1991 when standard bank investment corporation stanbic bank acquired the african operations of anz grindlays bank . 8 the name was later changed to stanbic bank nigeria limited and was a wholly owned subsidiary of stanbic africa holdings limited sahl . the merger edit on 24 september 2007 ibtc chartered bank plc merged with stanbic bank nigeria limited . stanbic africa holdings limited on behalf of standard bank tendered an offer to for the acquisition of additional ibtc shares in order to attain majority shares in the merged business . this resulted in sahl having a majority shareholding 50.75 % up from 33.33 % as at the merger date . 9 the business name was subsequently changed to stanbic ibtc holdings plc 10 and resumed trading on the nse . member companies edit the companies that comprise stanbic ibtc holdings include the following 11 stanbic ibtc bank a commercial bank in nigeria serving individuals and businesses regulated by the central bank of nigeria stanbic ibtc pension managers limited a leading pension fund administrator pfa in the nigeria . stanbic ibtc asset management limited providing asset management services . it was incorporated in 1992 . stanbic ibtc stockbrokers limited providing stock brokerage service . stanbic ibtc trustees limited specializes in trusteeship and estate management . stanbic ibtc ventures limited manages venture capital funds for investing in any and all types of companies that require venture capital financing either by the way of debt and or equity or any other means . stanbic ibtc capital limited offers investment banking services . stanbic ibtc investments limited operates as the investment arm of the business . ownership edit the stock of stanbic ibtc holdings listed on the nse where it trades under the symbol stanbic shareholding in the group s stock is depicted in the table below 12 stanbic ibtc holdings plc stock ownership rank name of owner percentage ownership 1 stanbic africa holdings limited 53.2 2 others 46.8 total 100.00 governance edit the running of stanbic ibtc holding is overseen by a 12 person board of directors 9 non executive and 3 executive with atedo n.a. peterside as the chairman . 13 see also edit stanbic bank standard bank group nigerian stock exchange list of banks in nigeria list of banks in africa references edit when was stanbic ibtc bank formed stanbic ibtc holdings plc 2012 income statement stanbic ibtc holdings plc 2012 statement of financial position stanbic ibtc holdings plc overview stanbic ibtc holdings plc overview stanbic ibtc holdings organizational information three banks form ibtc chartered group standard bank group highlights update on proposed merger of ibtc chartered bank plc and stanbic nigeria limited stanbic ibtc holdings organizational information stanbic ibtc holdings overview stanbic ibtc holdings overview stanbic ibtc holdings directors external links edit stanbic ibtc holding standard bank group retrieved from https en.wikipedia.org w index.php title stanbic ibtc holdings & oldid 739560076 categories banks of nigerianigerian stock exchangecompanies of nigeriabanks established in 1989companies established in 19891989 establishments in nigeriacompanies based in lagoshidden categories engvarb from august 2015use dmy dates from august 2015pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 15 september 2016 at 12 02 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using 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