Stanbic IBTC launches Africa-China to drive business growth
In a bid to enhance a solid business relationship between Nigeria and china, Stanbic Ibtc, one of the leading banks in Nigeria has launched Africa-China Banking Centre (ACBC) in Lagos.
The launch came just after the signing of bilateral currency swap agreement between the two countries earlier in the year. The move will help to build and develop the existing relationship between china and Nigeria in terms of business growth.
The commissioning of the Centre which was done by the Africa CEO of Industrial and Commercial Bank of China (ICBC), Mr. Lubin Wang and other top managements of the Stanbic IBTC will bring more opportunities to develop the potentials of Africa and China’s rapidly evolving trade partnership.
Speaking at the launch, the Executive Director for Stanbic IBTC, Mr. Wole Adeniyi stated that Nigeria and Africa at large will only develop when more opportunities are being sort after and by partnering with countries/business that would bring about improvement in the country’s economy and not just the banking sector.
ICBC in its aim has been able to build a bridge between the two markets to create possibilities, The strategic institutional relationship involving the Industrial and Commercial Bank of China (ICBC), Standard Bank and Stanbic IBTC will in return drive the trade between Africa and China with Stanbic IBTC listed as one of the
settlement banks to manage the currency deal announced by the government.
The relationship presents a huge leverage in Africa-China trade ties and will offer Nigerian and Chinese clients a business-to-business networking. It will help in personal advisory service and also help in accessing and unlock opportunities in Nigeria-China trade.
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