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The bank's name was changed from Grindlays Bank International (Kenya) Limited to Stanbic Bank Kenya Limited in 1993. At the point of the merger, the bank was 96.31% owned by Standard Bank through Stanbic Africa Holdings Limited (SAHL) and the balance of 3.69% held by the Government of Kenya. CfC Bank Limited
The bank was founded in Uganda as the National Bank of India in 1906. After several name changes, it became Grindlays Bank. In 1991, Standard Bank bought the Grindlays Bank network in Africa. The new owners renamed the bank Stanbic Bank (Uganda) Limited.
In 2015 Stanbic Bank was involved in a fraud scandal involving money transfers from the Swedish embassy to private accounts of a former embassy employee. Zimbabwe. Stanbic Bank Zimbabwe Limited operates as a registered commercial bank in Zimbabwe. In November 1992, Standard Bank began operations in Zimbabwe as Stanbic Bank. Europe
Overview. Stanbic IBTC Holdings PLC. came to being as the result of a merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc. in 2007, then adopting a holding company structure in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to either divest from non-core banking financial services or adopt a holdings' company ...
Currently, he is the chairman of the Council for Scientific & Industrial Research, chairman of SOS Children's Villages Ghana and chief executive officer and executive director at Stanbic Bank Ghana Ltd. He was also appointed by Gold Fields Limited as an independent non-executive director to its board of directors on August 1, 2016.
He is currently the Chairman of Anap Jets Limited which commenced business on 1 January 2015. He also sits on the boards of both The Standard Bank of South Africa Limited and Standard Bank Group Limited. He was a member of the National Economic Management Team (2007–2015), and member of the National Council on Privatization (2010–2015).
Philip Odera is an economist, businessman and bank executive in Kenya, the largest economy in the East African Community.He is the current designate managing director and chief executive officer of CfC Stanbic Bank Limited, a Kenyan financial institution, with total assets valued at approximately US$2 billion (KES:180.51 billion), as of December 2013.
As of 2008, Stanbic Uganda was the dominant commercial bank in Uganda, with about 27 percent of all bank assets and about 20 percent of all bank branches. [6] Nile Bank Limited , an indigenous institution, was acquired by the British conglomerate Barclays in January 2007 and merged with its existing Ugandan operations to form the Barclays Bank ...
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