During Stanbic Bank’s trade and finance seminar at Grand Imperial Hotel on Thursday, executive director, wholesale Anne Aliker said the bank plans to introduce asset-based finance product for customers to secure credit for capital expenditure.
Stanbic’s national retail sales manager, Paul Omara said the bank plans to launch an executive banking service, which will exclusively target corporate customers.
The seminar, which targeted corporate and institutional investors, was aimed at creating a wider understanding of global trade finance business, money markets, treasury and cash management and electronic banking in a changing banking environment.
Outlining the various products under the retail banking services, Omara said customers enjoy services including commercial loans and overdrafts.
Stanbic Bank has invested over US$15m (sh 26bn) in the refurbishment of branches countrywide to match international standards.
