Data gleaned from the 2022 audited financial statement of Stanbic IBTC Group showed that the highest penalties were incurred by the pension subsidiary, Stanbic IBTC Pension Managers Limited, which was slammed with a N79.6 million fine by PenCom.

Source: https://thewillnews.com/regulatory-infractions-cbn-pencom-others-slam-n159m-penalties-on-stanbic-ibtc/?utm_source=rss&utm_medium=rss&utm_campaign=regulatory-infractions-cbn-pencom-others-slam-n159m-penalties-on-stanbic-ibtc

Data gleaned from the 2022 audited financial statement of Stanbic IBTC Group showed that the highest penalties were incurred by the pension subsidiary, Stanbic IBTC Pension Managers Limited, which was slammed with a N79.6 million fine by PenCom.

Source: https://thewillnews.com/regulatory-infractions-cbn-pencom-others-slam-n159m-penalties-on-stanbic-ibtc/?utm_source=rss&utm_medium=rss&utm_campaign=regulatory-infractions-cbn-pencom-others-slam-n159m-penalties-on-stanbic-ibtc

Speaking about the exercise, Chief Executive, Stanbic IBTC Holdings PLC, Dr Demola Sogunle expressed his excitement about the appointments.

Source: https://www.blueprint.ng/stanbic-ibtc-announces-new-board-appointments/

Zenith Bank and Sterling Bank recently got approvals in principle to convert to Holdcos, following FBN Holdings, Stanbic IBTC Holdings, FCMB Group, and GTCO as NGX-listed banks, who currently operate Holdco structures.

Source: https://ogtv.com.ng/2023/04/08/cbn-tight-monetary-policy-affecting-banks-profits-says-operator/