STANBIC IBTC Bank, a member of Stanbic IBTC Holdings, has opened a new branch at Satellite Town in Lagos. The new branch is expected to serve the financial needs of individuals and businesses in Satellite Town and its environs, in fulfillment of the bank’s promise to bring banking closer to the people by expanding its service channels.
The Satellite Town branch will avail customers of Stanbic IBTC Bank as well as prospects the opportunity to enjoy quality and efficient banking services through innovative financialsolutions. The commissioning demonstrates the bank’s commitment to strengthening its businessbanking portfolio and add value to businesses, said Mr. Obinnia Abajue, Executive Director, Personal and Business Banking, Stanbic IBTC Bank. Only recently, the bank commissioned two cash offices at Orile-Coker and Computer Village, Ikeja, both in Lagos.
“The new branch reinforces the bank’s promise to bring banking services closer to the people for convenience and accessibility. It ties in with our brand proposition and focus to add value to the small and medium enterprises sector in Nigeria,” said Abajue, adding: “Our target is to ensure a wide network of access points where quality and efficient service delivery is available to our clientele as well as prospects.”
According to Abajue, the bank invested significant resources into establishing the Satellite Town branch because of its strategic importance as a centre of commerce. He said the new branch will accommodate traditional as well as electronic banking services and will render full banking services to meet the growing financial needs of individuals and businesses in the area.
He assured residents of Satellite Town that the bank is there to stay while reiterating its determination to move them and their businesses forward by providing financial solutions that add significant value.
Abajue added that the bank has a rich heritage and expertise drawn from Standard Bank Group, to which Stanbic IBTC belongs, that it will continue to leverage to meet customers’ expectations and exceed them.
Lagos State House of Assembly member representing Amuwo-Odofin Constituency 1, Dipo Olorunrinnu, who commissioned the new branch as the special guest, said that he was particularly pleased and honoured to be commissioning the new branch of Stanbic IBTC Bank, one of the leading banks’ in the country, in his constituency.
He said the new branch will further consolidate the level of business activity in Satellite Town and its environs. The lawmaker assured the bank of government’s support as it continues to contribute to the developmental aspirations of Lagos State.
Regional Head, Personal and Business Banking, Standard Bank, Western Africa, Lincoln Mali, thanked residents of Satellite Town for receiving the bank and enjoined them to avail themselves of the unique solutions offered by Stanbic IBTC.

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