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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 now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...
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.
First Capital Bank Zambia Ltd (FCB), part of First Capital Bank Group; First National Bank Zambia Ltd (FNB), part of FirstRand Group; Indo-Zambia Bank Ltd; Stanbic Bank Zambia Ltd, part of Standard Bank Group; Standard Chartered Bank Plc, part of Standard Chartered Group; United Bank for Africa Zambia Ltd (UBA), part of UBA Group
Guaranty Trust Bank Plc, part of GTCO Group; Keystone Bank Ltd; Nova Commercial Bank Ltd; Optimus Bank; Parallex Bank Ltd; Polaris Bank Plc; Premium Trust Bank; Providus Bank Ltd; Signature Bank Ltd; Stanbic IBTC Bank Plc; Standard Chartered Bank Nigeria Ltd, part of Standard Chartered Group; Sterling Bank Plc; SunTrust Bank Nigeria Ltd; Titan ...
Mkombozi Commercial Bank Plc; Canara Bank Tanzania Ltd; Bank of Baroda Tanzania Ltd, part of Bank of Baroda Group; Stanbic Bank Tanzania Ltd, part of Standard Bank Group; Bank of Africa Tanzania Ltd, part of Bank of Africa Group; Habib African Bank Ltd, part of Habib Bank Group; KCB Bank Tanzania Ltd, part of KCB Group; Akiba Commercial Bank Plc
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