STANBIC IBTC HOLDINGS PLC Stanbic IBTC Holdings PLC
Press release
Stanbic IBTC Holdings PLC in the Process of Establishing a wholly-owned Financial Technology Subsidiary
LAGOS, NIGERIA - 11 January 2022
Stanbic IBTC Holdings PLC ("Stanbic IBTC" or "the Company"), wishes to announce that it has commenced the process of seeking Regulatory approvals to establish a wholly-owned Financial Technology subsidiary to be known and referred to as Stanbic IBTC Financial Services Limited.
Subject to receiving all required regulatory approvals, including licensing by the Central Bank of Nigeria, the new subsidiary will function primarily as a Payment Solution Service Provider (PSSP).
Accordingly, Stanbic IBTC will update the market upon completion of the regulatory approval process as well as licensing of the new subsidiary.
Signed:
Chidi Okezie
Company Secretary
I.B.T.C. Place Walter Carrington Crescent / P.O. Box 71707 Victoria Island Lagos Nigeria
Telephone: +234-1- 4227000. +234-1- 4488900 Facsimile: 234-1- 2806998 www.stanbicibtc.com
Stanbic IBTC Holdings PLC RC 1018051
Directors: Basil Omiyi CON (Chairman) Demola Sogunle (Chief Executive) Kunle Adedeji (Executive) F. Ajogwu (SAN) S. David-Borha N. Edozien I. L. Esiri B.J. Kruger* B. Manu S. Suleiman N. Uwaje
*South African
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Stanbic IBTC Bank plc published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 16:47:05 UTC.
