Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc. has launched additional value propositions for its HNI clients under its Platinum Banking offering. The premium service is targeted at high net worth individuals who desire an exclusive and differentiated banking service experience in Nigeria and beyond.

The bank hosted some of its Private Banking clients to exclusive dinners in Abuja and Lagos to formalize the launch of the customer value proposition.

According to the bank, the service leverages on both the Stanbic Group and Standard Bank end to end financial services as well as over 154 years’ experience across Africa. It is aimed at rewarding current and prospective clients with first-in-class exclusive private banking experience. Embedded in the value proposition are attractive lifestyle privileges, wealth and investment services and advisory, onshore and offshore banking, access to lending services, transactional banking products, Legacy services and so much more.

Chief Executive, Stanbic IBTC Bank PLC, Dr. Demola Sogunle, in his welcome address, said that the addition of new value propositions in the Banks Platinum Banking offering underscores it’s commitment to provide personalized and tailored private banking solutions geared at meeting the unique requirements of its esteemed customers. The offering also fits into the goal of offering world-class solutions across the financial services spectrum, a goal in sync with its quest to be Nigeria’s leading end-to-end financial services provider.

“Our Private Banking focuses on the unique banking and financial needs of high-earning individuals who prefer personalised banking services. It is about building long-term relationships and offering personal support. We offer a full range of banking, investment and fiduciary products and services. Our new offering will leverage the resources and experience of over 154 years of proven expertise of the Standard Bank Group in asset management, research, securities and foreign exchange trading, credit and corporate finance. We are therefore well-positioned to provide customized solutions for even the most complex customer needs,” Sogunle stated.

In his keynote presentation titled – ‘Helping you stay ahead’, Head, G10 Research and Strategy, Global Market, Standard Bank, Steven Barrow, gave a positive economic outlook that global growth is expected to rise slightly above the long-term average in 2017 and 2018, and that this growth might be the strongest since 2011. He added that economic recovery and growth in Nigeria should appreciate by at least 1 percent and 2.5 percent in 2017 and 2018 respectively largely aided by slightly steady oil prices and higher production levels and ongoing diversification efforts of the government.

Speaking on the benefits of this exclusive offering, Executive Director, Personal and Business Banking, Stanbic IBTC Bank PLC, Mr. Babatunde Macaulay, said Platinum Banking clients will get access to the bank’s onshore and offshore transactional banking products, in addition to structured investment products, wealth management products like advisory, trust, fiduciary and stockbroking services.
Macaulay described Stanbic IBTC Bank’s Private Banking as a personal Package that takes into account individual peculiarities handled by highly trained Relationship and Wealth Managers. HNI clients have access to exclusive and discreet private banking suites in Lagos, Abuja and Port-Harcourt as well as a Service centre manned by Transactional Bankers to treat their transactional requirements. This makes it quicker and simpler to conduct banking transactions, whether local and international.