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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.
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.
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]
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]
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 Trust Bank Ltd; Union Bank of Nigeria Plc; United Bank For ...
Joshua Nyamweya Oigara (born 1975) is a Kenyan businessman, accountant and corporate executive and the current chief executive officer Stanbic Bank Kenya and South Sudan starting November 2022. He is the immediate former Group chief executive officer of the Kenya Commercial Bank Group. He served in that position from 1 January 2013.
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