Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has won the Global Finance magazine Best-Custodian Bank Award in Nigeria for the ninth time.
This was disclosed by Global Finance magazine, during the announcement of its selections for the 18th annual Best Sub-custodian Bank Awards in seven regions and more than 80 countries.
For the awards, Global Finance obtained input from users of sub-custody services.
The performance was judged over the period covering January 1, 2019, through December 31, 2019.
Apart from Nigeria, three subsidiaries within Standard Bank Group, the parent company of Stanbic IBTC Holdings PLC, were selected as best sub-custodian banks for their respective countries. These are Ghana, Namibia and Mozambique.