In recognition of its strict adherence to corporate governance ethics, Stanbic IBTC Bank has won the first prize in the maiden edition of the Corporate Citizen Awards. Organized by the Corporate Affairs Commission, the award is designed to recognize and reward corporate entities that have consistently adhered to applicable by-laws under the auspices of CAC and conducted business in Nigeria to the highest standards of responsible corporate practice.

To win the ‘Best Complying Company of the Year’ award, which was presented at a formal ceremony at the Congress Hall of Transcorp Hilton Hotel, Abuja, recently, Stanbic IBTC Bank was selected ahead of a strong field of competitors from the financial services industry.

Expressing joy on this achievement, Chief Executive Officer of Stanbic IBTC Holdings, Mrs. Sola David-Borha, stated that it represents a powerful endorsement of the strength of Nigeria’s financial services sector, the quality of its regulatory framework, as well as of Stanbic IBTC’scomprehensive and globally bench-marked framework on best practice. She said the Stanbic IBTC Group is guided by the vision of making a real difference in providing financial services in Nigeria.

Stanbic IBTC Bank is a subsidiary of Stanbic IBTC Holdings PLC, 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, to which Stanbic IBTC Holdings belongs, is the largest African bank by assets and earnings. It is rooted in Africa with strategic representation in 20 countries on the African continent, including South Africa.

Standard Bank has been in operation for over 153 years and is focused on building first-class, on-the-ground banks in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other, applying sector expertise, particularly in natural resources, globally.