Stanbic IBTC Bank has in compliance with demands of evolving global technology in modern day banking, commissioned its first 24 hours digital branch in Maryland Lagos Nigeria.

This would help in delivering the transformational power of digital technology to drive optimal financial services in Nigeria and delivering fist class services to customers.

The leading digital outlet commissioning took place in Lagos on Wednesday, December 14, 2016, as it was unveiled by technology business pioneer, Leo Stan-Eke, founder of Zinox Technologies Limited.

The branch’s processes and systems are completely digitalized and equipped with tablets, touch screens, electronic banking devices and new digital technologies set up in designated self-service and private areas to enable customers conduct financial transactions seamlessly while enjoying a delightful banking experience.


Chief Executive, Stanbic IBTC Bank, Yinka Sanni, lauding the project, assailed that digitization of banking services is the path to the future as customers progressively clinch to the online services to meet their needs.

The benefits of digitalization and innovation Sanni said, are huge for the individual, business or economy, assuring that as technology evolves, Stanbic IBTC Bank will keep pace with it to deliver impeccable value to its customers.


The Bank’s Chief Executive restated that as an African institution belonging to the Standard Bank Group, will continue to demonstrate commitment to the development of Nigeria and Africa by supporting critical sectors of the economy and to help highlight investment opportunities therein.

“We will continue to build first-class, on-the-ground banking services in Nigeria, investing in people, branch networks and systems. We are confident that future revenue flows will justify these investments in branch and customer infrastructure.”

He said Stanbic IBTC Bank expects to report further growth in digital branch numbers and innovations as fresh investments are made to deliver on the bank’s long-term goal to build a “bank for everyone.” “This milestone is important to us because it fulfils our pledge to leverage on evolving technologies and innovations to deliver convenience and round-the-clock access to financial services to our clientele. It provides a solid platform from which to continue to grow and consolidate our position in the Nigerian market,” Sanni said.

Executive Director, Personal and Business Banking, Stanbic IBTC Bank, Mr. Babatunde Macaulay, said the new branch is the first in a series of digital branches to be established across Nigeria. He however assured that non-digital consumers will not be left behind as the bank continues to expand its footprint and increase access channels and touch points.

“We are always seeking to understand the needs of the entire spectrum of our clientele “ said Macaulay “and by so doing, strive to connect with every market segment so that we can provide the much needed solutions to their financial needs,”

Leo Stan Eke, commissioning the branch commended the bank for taking the initiative, noted that the facility is defined by consumer protection, trust and security as the technologies deployed are best-in-class in technological delivery and quality. Digital banking is the way of the future, not just for banks but also for the economy, he added.

Facilities available at the branch are automated teller machines, bulk note acceptor, personal teller machine, smart table, self-service kiosk, self-service smart tablets, Internet banking kiosk, and instant debit card issuance machine.

Stanbic IBTC Bank is a subsidiary of Stanbic IBTC Holdings PLC, a member of Standard Bank Group, a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.


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