Tag: Stanbic IBTC
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Stanbic IBTC Bank Nigeria PMI® – Input costs rise at record pace in February
Price pressures intensified in the Nigerian private sector during February and were unprecedented in over a decade of data collection. Both input costs and output prices increased at the sharpest rates on record, with rising prices impacting demand. As a result, rates of expansion in output and new orders slowed sharply over the month, while…
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Stanbic IBTC Dominates Retail and SME Banking Segments in KPMG’s 2023 Customer Experience Survey
Stanbic IBTC Holdings, a member of Standard Bank Group, has once again proven its commitment to delivering exceptional customer experiences by securing top spots in KPMG’s 2023 West Africa Banking Industry Customer Experience Survey. In the recently released survey results, Stanbic IBTC emerged as a leader in retail, SME and corporate segments, securing the prestigious top spot in…
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Stanbic IBTC Bank Nigeria PMI: Output returns to growth but inflationary pressures remain elevated
The Nigerian private sector returned to growth in December, with renewed increases in both output and new orders recorded amid some signs of recovery in demand. This was despite continued intense inflationary pressure, with purchase costs and selling prices each rising at sharper rates than in November. Meanwhile, business confidence dropped to the joint-lowest in…
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Stanbic IBTC Holdings PLC secures ‘Bank of the Year – Nigeria’ Award by Financial Times ‘The Banker Magazine’
Stanbic IBTC Holdings PLC was recently recognised as ‘Bank of the Year in Nigeria’ by The Banker magazine, a publication of the Financial Times. The award ceremony, widely acknowledged as the ‘Oscars of the Banking Industry’, took place in London on Thursday, 30 November 2023. The Banker Magazine’s acknowledgment of Stanbic IBTC Holdings for its…