| May 20th, 2017 11:57 AM | |
| Vishal Kotkar | Re: standard chartered ng In 1965, the Standard Bank of South Africa converged with the Bank of West Africa securing organizations incorporating a keeping money operation in Nigeria, which gone back to 1894. The name was then changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was fused locally to assume control over the business in Nigeria. Standard Chartered re-entered Nigeria in 1999 and opened to clients on 15 September 1999 as a completely claimed auxiliary of Standard Chartered Bank Plc, headquartered in United Kingdom. Today, the Bank offers an extensive variety of items and administrations in Retail; Wealth Management; Commercial; Corporate and Institutional; Private and Transaction Banking business. Standard Chartered utilizes more than 905 staff and considers Nigeria to be a development focus. There are around 40 branches, with ATMs in each branch, situated in Lagos, Port Harcourt, Abuja, Ibadan, Kano, Kaduna, Ota, Aba, Onitsha and Onne. The new ultra-present day Nigeria Head Office was opened in 2014. Proof Points Nigeria is a very attractive and fast growing market for Standard Chartered Bank Nigeria (SCBN) Banking sector reforms are a core part of Nigeria’s broad economic restructuring programme. In Q4 2005, the Standard Chartered Group injected US$147m in new equity to meet the minimum capital requirement of US$185m – recognition of the importance of SCBN to the Group franchise The organic growth strategy of SCBN is delivering substantial growth in profitability. Despite the challenges in the external environment, SCBN has consistently achieved stunning results due to best-in-class cost management and strong asset book management The Bank is committed to achieving profitable growth in its core businesses which include Corporate and Institutional Banking (CIB), Retail Banking (RB) and Commercial Banking (CB)The Corporate and Institutional Banking (CIB) business in Nigeria consists of the Relationship Management and Client Coverage teams, supported by the Client and On-Boarding Management (COBAM) team and product partners in Transaction Banking, Financial Markets, Corporate Finance and Capital Markets. CIB business leverages on the bank’s international footprint in offering tailored products to meet clients’ needs. These include trade, cash management and custody which are available on the Bank’s robust Straight2Bank platform. The business also has a strong reputation for providing best-in-class FX and derivative solutions. CIB capitalizes on local knowledge and product expertise to deliver Corporate Finance and Capital Market solutions. Leveraging on our core capabilities, notable transactions have been in executed in key sectors of the economy including Oil and Gas, Telecoms and FMCG as well as Financial Institutions. This has strategically positioned the Bank to deepen relationships with core clients and contribute towards the development of key sectors of the economy. We continue to be Here for Good and Here for Africa. The Commercial Banking (CB) team commenced in-country operations in the second half of 2015 and offers trade, cash, FX and lending solutions to mid-sized companies of annual turnover of between $10million and $1.5billion. The CB business is a combination of Local Corporates, Middle Markets and SME businesses. Key focus sectors of the CB business are manufacturing, oil services, telecoms, information technology, trading companies/distributors and exports. CB manages the Banks Ecosystem penetration initiatives and strategically covers key Nigerian cities with teams of relationship managers. In conjunction with the Corporate finance team, CB is able to provide tailor made debt or equity solutions to her client mix Retail Banking’s (RB) strategy is to Bank all our individual clients throughout their life journey, from college loans and mortgages to wealth management and retirement. For Business Clients, we are supporting their journey from lending and cash management to trade. RB’s business drive along its various segments: Business Clients, Priority Clients and Personal Clients continues trend at an upward trajectory. While the majority of the Bank’s Trading Profit is generated by CIB, momentum in our other businesses is excellent and continues to grow. Standard Chartered Mobile - our mobile banking app continues to provide our customers with convenient, secure, anytime, anywhere Banking We have maintained strong cash management capabilities to ensure that this critical aspect of our clients’ businesses is met effectively in what remains essentially a cash based and cash driven society We continue to lead the way in the upstream oil industry, having led and advised on most of the major upstream deals in the market in the past three years. We believe in the development of the Financial Services Industry and actively support our regulators and the government. We participate in the Nigeria Bankers’ Committee Sub-Committee on Economic Development which is working with stakeholders to increase the contribution of banks to the development of the real sector of the economy ISO Certification – we were one of the first banks in Nigeria to get certified SCBN takes pride in its successful mentoring programme for staff and aggressively manages talent using a whole raft of initiatives which include cross-functional moves, internal job watches, organization learning interventions and attachments within and outside of Nigeria. We continue to invest in our people, massively multiplying our leadership capacity which has culminated in key leadership positions across the Group being occupied by local talent. We have also developed a ‘pay for performance’ culture and for the last few consecutive years, enjoyed one of the lowest critical staff turnovers in the industry - a testament to our staff engagement culture. By combining global capability with deep local knowledge and creativity we are positioned to outperform our competitors SCBN has created a significant presence in Nigeria where we are one of the country’s most respected financial institutions. We consistently strengthen our operational risk framework which has reduced operational losses to record lows in the past few years We continue to balance the pursuit of our growth with firm control of costs and risks Board of Directors Sir Festus Oluremi Omotoso (MFR) - Chairman Bola Adesola - MD/CEO, Nigeria Alhaji Muhammed Imam Yahaya (OFR) Yemi Owolabi - Executive Director, Finance Sola Adepetun - Independent Non-Executive Director. Sunil Kaushal - Regional Chief Executive, Africa and Middle East, Standard Chartered Bank Louise Vogler - Regional Credit Officer, CIB & CB Africa Mansa Nettey - Executive Director and Head, Financial Markets, Ghana Seye Kosoko - Head, Legal and Company Secretary Contact: Standard Chartered Bank Head Office 142 Ahmadu Bello Way, Victoria Island, Lagos State Tel: +234-(0)1-270 0025, 270 4600 |
| May 20th, 2017 11:55 AM | |
| Unregistered | Re: standard chartered ng Hi I would like to have the profile of the Standard Chartered Bank Nigeria as well as the important points of the bank as well as the Board of Directors? |
| July 4th, 2016 02:16 PM | |
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