Ads
related to: internet stanbic banking
Search results
Results from the WOW.Com Content Network
The bank's name was changed from Grindlays Bank International (Kenya) Limited to Stanbic Bank Kenya Limited in 1993. [10] At the point of the merger, the bank was 96.31% owned by Standard Bank through Stanbic Africa Holdings Limited (SAHL) and the balance of 3.69% held by the Government of Kenya.
The bank was founded in Uganda as the National Bank of India in 1906. [12] After several name changes, it became Grindlays Bank. In 1991, Standard Bank bought the Grindlays Bank network in Africa. The new owners renamed the bank Stanbic Bank (Uganda) Limited. [11] [13]
Stanbic IBTC Holdings PLC. came alive as the result of a merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc. in 2007, then adopting a holding company structure in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to either divest from non-core banking financial services or adopt a holdings’ company structure.
In 1995, the bank acquired the operations of the Meridien BIAO Bank and renamed it Stanbic Bank Tanzania Limited. [8] In September 2012, Stanbic Bank Tanzania secured financing worth $3 billion for Mchuchuma Iron Ore and Liganga Coal mining project in the Ludewa district of the newly created region of Njombe in southwestern Tanzania. [18]
The combined bank is now known as Stanbic Bank Uganda Limited. [5] As of 2008, Stanbic Uganda was the dominant commercial bank in Uganda, with about 27 percent of all bank assets and about 20 percent of all bank branches. [6]
Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2020, it was the third largest commercial bank in Uganda by assets, with an asset base of UGX:3.8 trillion (US$1.072 billion), with shareholders' equity of UGX:937 billion (US$264 million), [3] behind Stanbic Bank Uganda and Centenary Bank. [6]
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
In 2012, she was hired by Standard Bank Group, as head of Global Markets for Stanbic Bank Uganda, serving in that capacity until December 2017. In January 2018, she took up a new appointment as Head of Corporate and Investment Banking at Standard Bank Namibia, a role she served in until February 2020. [3] [4] [5]
Ads
related to: internet stanbic banking