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Stanbic IBTC Infrastructure Fund Series II Set To Close 10 June

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Stanbic IBTC Urges Women To Engage in Wealth Building Investments

Stanbic IBTC Infrastructure Fund Series II Set To Close 10 June

 

By Olorunfemi Adejuyigbe

 

 

Stanbic IBTC Infrastructure Fund Series II Set To Close 10 June

 

Stanbic IBTC Infrastructure Fund Series II is set To Close by 10 June. The first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the Series II, which was released in early May, recorded much success as it continues to generate interest among investors. With the N15 billion Series II offer scheduled to close on Friday, 10 June 2022, Stanbic IBTC Asset Management Limited, the Fund Manager and subsidiary of Stanbic IBTC Holdings PLC, has again called on interested investors to take advantage of the offer.

The Fund is designed to bridge the gap between the long-term funding needs of promoters of infrastructure projects and investors with long-term capital. The Fund, which is structured as a closed-ended collective investment scheme, seeks to provide competitive returns above the benchmark Federal Government of Nigeria bond yield of comparable tenor as the outstanding tenor of the Series II from time to time.

 

 

 

 

 

The Fund Manager successfully closed its Series I offer in September 2021 and raised capital from a diverse group of investors, including Pension Fund Administrators, Asset Management Companies, Insurance Companies, and High Net-worth Individuals. The proceeds of the Series I offer were deployed towards gas distribution value chain infrastructure and healthcare infrastructure.

“We encourage institutional investors to continue participating in the Stanbic IBTC Infrastructure Fund issuances as we proceed with the efforts to bridge the existing infrastructure asset gap through careful project selection that delivers positive social and economic multiplier effects” Dolu Olugbenjo, Chief Investment Officer, Stanbic IBTC Infrastructure Fund, said. He added that the fund aims to deliver competitive investment returns to investors within acceptable risk thresholds.

 

 

 

 

 

 

 

 

Dolu reiterated that the fund will be deployed to support infrastructure and infrastructure-related project opportunities in healthcare, transport, logistics, renewable energy, and power amongst others. Interested investors have been encouraged to go online and fill out the form and a representative will contact them within 72 hours.

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Union Bank’s Save & Win Promo Returns! More Customers to be Rewarded With Over 55 Million Naira

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Union Bank’s Save & Win Promo Returns! More Customers to be Rewarded With Over 55 Million Naira

Union Bank’s Save & Win Promo Returns! More Customers to be Rewarded With Over 55 Million Naira

 

Union Bank’s Save & Win Promo Returns! More Customers to be Rewarded With Over 55 Million Naira

 

Union Bank has announced the return of the Save & Win Promo, its flagship campaign aimed at rewarding new and existing customers with cash rewards and other gift items worth over N55,000,000.

Following a successful first season, this second edition of the nationwide campaign which coincides with the Bank’s 105th anniversary will benefit more customers to appreciate them for their support and loyalty over the years.

 

 

 

 

Speaking on the reason for the campaign’s rerun, Lola Cardoso, Union Bank’s Head, Retail Banking & Digital said:

“Union Bank is excited for the return of our Save & Win promo. This campaign is another opportunity to give back to our customers in a way that matters while promoting the savings culture among Nigerians. As we celebrate our 105th anniversary, we remain committed to delivering products and services that enable our customers to achieve their personal and business goals.”

 

 

The promo which will run from June to December 2022, is open to new and existing customers who save a minimum amount of N10,000 monthly. Savers who qualify to participate in the monthly, quarterly and end of the year draws stand a chance to win N105,000 monthly, while 5 winners will go home with N500,000 each in two of the quarterly draws. One lucky customer will snag the star price of N5,000,000 during the grand finale set to hold in December alongside other consolation prices.

To increase their chances of winning in the draws, customers can continue to top up their savings in multiples of N10,000. Winners in the promo will emerge through a series of transparent, electronically- generated draws which will be supervised by relevant regulatory institutions.

 

 

 

 

Prospective customers can download the UnionMobile app on their mobile phones to open accounts, or walk into any Union Bank branch. To reactivate existing accounts, returning customers can call the 24-hour Contact Centre on 07007007000 or also visit any of Union Bank’s branches across the country/

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Stanbic IBTC Hosts Women in Tech Event

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Stanbic IBTC Hosts Women in Tech Event

Stanbic IBTC Hosts Women in Tech Event

By Olorunfemi Adejuyigbe

 

Stanbic IBTC Hosts Women in Tech Event

 

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, has held the second edition of its Women in Tech event.

The event is a celebration of women in the Nigerian tech space while encouraging more women and young girls to take up careers in science, technology, engineering and mathematics (STEM). It preaches the need to close the gender gap and empower women and young girls to seize the opportunities that the tech world offers.

 

 

 

 

 

The event, themed “Building a career in tech: break the glass ceiling”, was held on the Zoom virtual meeting platform. It had in attendance guest panelists from different tech-led careers, including Bisola Alabi, founder, Heels and Tech; Olatokunbo Ogunlade, System Engineer, Factorial HR; Ibifuro Apiafi, Manager, Entrepreneur Selection and Growth, Endeavor; and Moyinoluwa Aiyeniko, Software Developer, Stanbic IBTC Bank. The event was moderated by Vivian Obiajulu.

Bunmi Dayo-Olagunju , Executive Director, Client Solutions, Stanbic IBTC, said the event is one of the ways the organisation is supporting women to bridge the gender gap in the tech space. “With today’s conversation, we will attempt to debunk those myths that have become obstacles to us women fulfilling our potentials in the tech world”

 

 

 

 

 

 

She said, “Despite the advancement in technology globally, studies have shown that women only account for about 30 per cent of professionals in the field. More women in the tech space means the reduction of inequalities, leading to a more gender-balanced society and an increase in technological innovation, productivity, and job creation. All these will give a boost to our economy and Stanbic IBTC is ever ready to support and encourage women, and young girls, to take up careers in technology.”

Bunmi stated that women have demonstrated the capacity to excel beyond expectations when they are encouraged in their endeavours and technology will not be an exception.

 

 

 

 

 

 

 

Stanbic IBTC is committed to the advancement of a gender-balanced society while providing excellent innovative services to its customers.

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Stanbic IBTC Boosts Customer Experience with Digital Loans Solutions

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Stanbic IBTC Boosts Customer Experience with Digital Loans Solutions

Stanbic IBTC Boosts Customer Experience with Digital Loans Solutions

By Olorunfemi Adejuyigbe

 

Stanbic IBTC Boosts Customer Experience with Digital Loans Solutions

 

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has said it would continue to boost customer experience through its digital loans. This is part of the company’s efforts to assist Nigerians with gaining access to affordable funding for personal and business use.

 

The non-collateralised loans, consisting of Stanbic IBTC Unsecured Personal Loan, Top-Ups, Smart Loan, EZ Cash, and Device Financing, would help customers access loans ranging from N20,000 to N20 million. All the loans can be accessed from any location 24/7 without having to visit the branch and without paperwork as they are all digitised end-to-end.

 

 

 

 

 

 

 

Commenting on the rationale behind the Stanbic IBTC Digital Loans, Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, noted that the solutions were geared towards addressing the challenges facing individuals in accessing finance.

 

“The Stanbic IBTC Digital Loans, which are available via our Super App, our website, our *909# USSD service and Internet Banking, help alleviate some of the challenges individuals experience in meeting urgent financial needs. The loans are available to both new and existing customers of Stanbic IBTC and are geared towards helping customers meet their financial obligations at any time, no matter the urgency.”

 

 

 

 

 

 

 

 

According to the Chief Executive, “Customers, through the Stanbic IBTC Device Financing solution, can acquire new mobile devices from MTN partner stores and enjoy additional benefits such as 4GB data, 100 minutes talk time monthly and insurance against loss and screen damage.”

 

Through the Stanbic IBTC Smart Loan solution, customers of the bank who also have mutual fund investments with Stanbic IBTC Asset Management can access up to N20 million instant loan to finance personal and business projects while their investments continue to earn them returns.

 

 

 

 

 

 

 

 

 

 

With the upgraded Stanbic IBTC Unsecured Personal Loan, salary earners can apply for a top-up of existing loans through their mobile devices from the comfort of their homes.

 

Similarly, with Stanbic IBTC EZ Cash, customers can access loans of up to N7.5 million via the bank’s USSD code *909*44#, the My Bank Module of the Stanbic IBTC Mobile App and the Bank’s online banking portal. Customers can access loans quickly and conveniently with up to 48 months of repayment, depending on the loan type.

 

 

 

 

 

 

 

 

 

The Chief Executive reinforced that the bank would continue to design financial solutions that will meet the needs and enhance the financial growth of its esteemed customers. “With economic empowerment as a core pillar of our corporate social investment initiatives, we remain committed to ensuring not only the growth of our customers but also their business activities,” Adeniyi concluded.

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