Fitch Ratings has reaffirmed its ‘AAA(nga)’ rating and stable outlook for Stanbic IBTC Holdings Plc, the highest rating on the national scale.
This marks over ten consecutive years of maintaining this top-tier rating, underscoring the Group’s financial strength and commitment to Nigeria’s economic development.
Fitch’s latest rating action reflects the strength of Stanbic IBTC’s operating model, the Group’s prudent risk management practices, and its strategic importance to its parent company, Standard Bank Group (SBG) of South Africa, which holds a 67.55 percent shareholding in Stanbic IBTC.
