Stanbic IBTC Holdings Plc has successfully concluded its rights issue, raising an impressive N181.4 billion. This achievement comes alongside an extraordinary oversubscription rate of 21.9 per cent, reflecting the firm support from existing shareholders.

The strategic initiative not only ensures that the company meets the stringent recapitalisation requirements mandated by the Central Bank of Nigeria (CBN) but also firmly secures a robust financial foundation geared towards sustained future growth and innovation.

Stanbic IBTC was looking to raise N148.7 billion via a rights issue. The bank ended up raising N181.4 billion, representing a 21.9 per cent oversubscription.

The successful execution of this capital is a demonstration of the trust that existing shareholders have in the strategic direction and initiatives of Stanbic IBTC.

It also underscored the company’s operational excellence and its commitment to maintaining transparency and accountability. With a capital of N181.4 billion now available, the institution is poised to consolidate its market position while scaling up innovative financial solutions and expanding client access to top-tier services, while ensuring full compliance with the regulatory frameworks set out by the CBN.

This compliance is crucial for the bank’s continued success and stability in a dynamic economic environment. In addition, the group’s parent company also injected N140 billion directly into Stanbic IBTC Bank.

Acting Chief Executive of Stanbic IBTC Holdings Plc, Dr. Kunle Adedeji described the outcome as a strong endorsement of the bank’s long-term strategy.

“The success of this Rights Issue is a clear demonstration of shareholder alignment with our vision. It goes beyond strengthening our balance sheet, it reflects the shared ambition for sustainable, inclusive growth,” he said.

This move underscores a deliberate strategy to reinforce operational depth and boost the bank’s capacity to meet emerging market demands, invest in technology, and expand its product and service offerings.

Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, noted that the new capital would significantly improve the bank’s ability to serve its clients more effectively and seize new market opportunities.

The recapitalisation not only secures regulatory compliance but also equips Stanbic IBTC to lead from the front investing in digital transformation, product innovation, and customer-centric solutions that align with both local market dynamics and global banking standards.

Amid shifting regulatory landscapes and growing competition within the financial sector, Stanbic IBTC’s timely and strategic capital raise signals its readiness to scale sustainably.

Backed by the confidence of shareholders and a clear strategic roadmap, the institution stands well-positioned to navigate future challenges while creating enduring value for stakeholders.