Stanbic IBTC Bank and the African Development Bank (AfDB) have sealed a strategic partnership to deepen sustainable economic growth.
The deal allows the subsidiary of Stanbic IBTC Holdings Plc to provide greater resilience and expand access to finance for businesses that drive job creation and national development.
A statement noted that the Nigerian lender has been given access to funding support to channel long‑term funding into critical areas of the Nigerian economy, including trade, infrastructure, and small and medium‑sized enterprises (MSMEs).
This collaboration also The underscores Stanbic IBTC’s dedication to environmental and social responsibility, ensuring that all funding is deployed in line with international best practice and the bank’s robust sustainability framework as evidenced by the Independent Project Monitoring Company’s (IPMC) ranking of Stanbic IBTC as one of the leading institutions in its latest sustainability rankings.
This recognition underscores the bank’s continuing commitment to advancing sustainable practices that benefit the environment and society.
“This agreement reflects our forward‑looking strategy to support the sectors that matter most to Nigeria’s future.
“Our focus is on empowering businesses, enabling sustainable growth, and ensuring that our financial system remains strong enough to meet the evolving needs of the economy,” the chief executive of Stanbic IBTC Bank, Mr Wole Adeniyi, stated.
Also speaking, the Director General of AFDB Nigeria, Mr Abdul Kamara, said, “Working with Stanbic IBTC aligns with our mission to accelerate Africa’s economic transformation. This collaboration ensures the bank can continue to play a pivotal role in financing infrastructure and sustainable development projects in Nigeria.”
Stanbic IBTC Bank has consistently demonstrated leadership through innovation in structured finance, digital transformation, and the integration of sustainability principles into its operations.
This latest step reaffirms its role as a thought leader in shaping Nigeria’s financial landscape and highlights its commitment to building a more resilient and prosperous future for the country.