• Thursday, May 23, 2024
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BusinessDay

Stanbic IBTC wins laurels at Euromoney awards

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Stanbic IBTC’s leading role in the financial services industry and the real estate sector in particular has once again been affirmed at the Euromoney Real Estate Survey Awards 2014, where the bank won three awards.

At the Euromoney Awards, Stanbic IBTC was named Best Overall Bank in Nigeria, Best Loan Finance Bank in Nigeria, and Best Equity Finance Bank in Nigeria in recognition of the company’s rich pedigree in real estate debt and equity financing, as well as its ability to deliver solutions that showcase the group’s real estate expertise. The Stanbic IBTC Group has demonstrated a vibrant innovative culture in bringing relevant investment solutions to clients and it is the preferred company by discerning institutional and sophisticated high net-worth real estate stakeholders, said CEO of Stanbic IBTC Holdings, Sola David-Borha.

The Euromoney Real Estate Survey Awards is based on the outcome of a survey involving a broad range of participants across the sector nominating three preferred companies in each of the awards categories. Points are then awarded to nominated companies. Winners are selected on country basis based on the total number of points garnered. The awards recognise and promote industry leaders and projects that represent the benchmark of achievement and best practice in various fields. Criteria such as service, performance, leadership, consistency, among others are used to decide award winners.

David-Borha said the company is pleased with the recognition as it demonstrates the growing capacity and appetite of the Stanbic IBTC Group, leveraging on the Standard Bank heritage and expertise, to provide robust services in the real estate sector as well as across other market segments.

“We are delighted to receive this recognition for our efforts in the real estate segment. It also reflects our unrelenting commitment to deliver innovative solutions and very credible performances in a strategic and growing sector and across all business segments,” David-Borha stated.

Some of Stanbic IBTC’s headline financing solutions in real estate include its debt facility to fund the development of the Ikeja Mall, Lagos, the long term funding for Oando’s twin tower project, funding of the ultra modern corporate headquarters of Landmark Property Development Company, among others.

At the same awards, parent company of Stanbic IBTC, the Standard Bank Group, Africa’s largest bank by assets and earnings, received several awards in several categories, which include Best Overall Bank in Africa, Best Loan Finance Bank in Africa, Best Equity Finance Bank in Africa, and Best M&A Advisory Bank in Africa.

Speaking on the awards, Gary Garrett, Head of Real Estate Finance at Standard Bank, said the awards speak to Standard Bank’s ability to deliver solutions that showcase the group’s real estate expertise and in-depth knowledge across various markets in African. “We are extremely pleased to have been recognized by Euromoney as the leading real estate bank in Africa. The awards reflect our product expertise as well as our understanding of the markets in which we operate,” Garrett said.

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.