Stanbic Holdings Plc, formerly known as CfC Stanbic Holdings Limited, is a Kenyan financial services organization with headquarters in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan. Stanbic Holdings is a member of the Standard Bank Group, a financial services giant based in South Africa. The institution is licensed and governed by the Central Bank of Kenya, the national banking regulator.
The institution serves the banking needs of large and small business customers as well as individuals. As of 2013, Stanbic Holdings Plc was a large financial services organization in Kenya, with an assets valued at over KSh 180.51 billion (US$1.78 billion). At that time, shareholder's equity was valued at about KSh 32.43 billion (US$319.696 million).[3]
History
CfC Stanbic Holdings is the result of a merger between Stanbic Bank Kenya Limited and CfC Bank Limited.