The Stanbic IBTC Bank Plc drive to deepen the Nigerian capital market through introduction of more asset classes has received a boost with the launch of its Securities Lending product.
The launch, according to the bank, is in line with its tradition of highlighting opportunities that would help investors derive optimal value from their investment.
In his opening remarks at the launch in Lagos, Chief Executive, Stanbic IBTC Bank, Mr. Yinka Sanni, said as a member of a global banking group, Stanbic IBTC has a responsibility to help grow the capital market through products and initiatives that could help investors harness investment opportunities that exist in Nigeria.
Sanni stated that investors need to spread their investment options into different financial derivatives, and in doing this, minimize risks associated with tying investments in particular stocks and securities. Diversification into different asset classes, he added, reduces risk levels, while offering higher returns.
In driving success for the product, Stanbic IBTC will be relying on its extensive product knowledge and expertise, rich technology capability, access to lenders and borrowers to drive utilisation, sound risk management fundamentals and extensive reporting capability, Sanni added.