Stanbic IBTC, the Nigerian unit of South Africa’s Standard Bank, plans to raise up to 30 billion naira in Tier II capital, a presentation on its website said on Thursday.
CEO Sola David-Borha confirmed the capital raise during an analysts conference call on Thursday but said the actual amount would depend on market conditions and regulatory guidelines. She did not provide a timeline.
David-Borha said the mid-tier lender was aiming for a 15 percent loan growth for the second-half of 2014, targeting business customers, after it grew loans 18 percent in the first-half
