Stanbic IBTC Holdings Plc, a financial services company, has changed the name of its fintech subsidiary. Formerly known as Stanbic IBTC Financial Services Limited, the subsidiary is now called ZEST Payments Limited (ZEST).
This information was conveyed through a press release signed by the Company Secretary, Chidi Okezie, and sent to the Nigeria Exchange.
The company said in the statement that its dedication to delivering outstanding financial services to its clients remains unchanged.
The decision to change the name is driven by the desire to mirror the company’s developing vision and brand image.
This shift aims to enhance its ability to serve clients and stakeholders even more effectively and remarkably, according to the company.
The press release established that the change has been made after the bank obtained all necessary regulatory approvals, and Nigeria Exchange Limited and stakeholders have been informed of this update.
However, even though the name has been changed, ZEST continues to be a fully owned subsidiary of Stanbic IBTC Holdings PLC, according to the statement.
This alteration in name has not led to any modifications in the company’s ownership, shareholding arrangement, or business objectives.
ZEST will continue to maintain its operations under the existing regulatory guidelines established by the Central Bank of Nigeria.
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