Stanbic IBTC Bank Plc is part of the Standard Bank Group. Stanbic Bank Nigeria was merged
IBTC Chartered Bank PLC to form Stanbic IBTC Bank. The merger, by
way of the first ever tender offer in Nigeria and a $525 million FDI.
Stanbic IBTC Bank Plc through its wholly owned stock broking and
asset management subsidiary, IBTC Asset Management Limited has several
excellent mutual funds including the IBTC Nigerian Equity Fund, which
is Nigeria’s largest mutual fund with a net asset value in excess of
N25 billion (as at December 2007). It is the only bank that has a
direct subsidiary that is a pension fund administrator; through the
market leading IBTC Pension Managers Limited (IPML).