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Stanbic Holdings Plc, formerly known as CfC Stanbic Holdings Limited, is a Kenyan financial services organization with headquarters in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan. Stanbic Holdings is a member of the Standard Bank Group , a financial services giant based in South Africa .
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.
Stanbic Bank (Uganda) Limited is licensed as a merchant banker, stockbroker, and financial adviser by the Capital Markets Authority, which licensed the USE in 1997. [11] [13] In 2017 the bank was awarded a bancassurance licence from the Insurance Regulatory Authority, authorizing Stanbic Bank to sell insurance products to its customers and the ...
Most of the newly acquired banks were renamed Stanbic Bank, to avoid confusion with the former parent (and now competitor), Standard Chartered, which continued to operate in Africa. [8] Several more banks in Africa were acquired during the 1990s, and adopted the Stanbic name. [ 8 ]
In 2012, he relocated back to Uganda to take up the position of Executive Director and Head of Corporate and Investment Banking at Stanbic Bank Uganda (SBU). [4] In January 2015, the Board of Directors at SBU appointed Patrick Mweheire as managing director and CEO of the bank, replacing Philip Odera , a Kenyan national.
Editor's note: Contents of this story may be disturbing to some readers. A 36-year-old Arizona man has been sentenced to nearly four years in prison for illegally owning guns and for filming ...
Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services.Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.
Philip Odera is an economist, businessman and bank executive in Kenya, the largest economy in the East African Community.He is the current designate managing director and chief executive officer of CfC Stanbic Bank Limited, [1] a Kenyan financial institution, with total assets valued at approximately US$2 billion (KES:180.51 billion), as of December 2013. [2]
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