Stanbic IBTC Bank contributed over N10.2 billion to boost health sector

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has continued to partner stakeholders in the health sector to offer quality healthcare.

Chief Executive, Stanbic IBTC Bank PLC, Wole Adeniyi, pointed out that aside taking part in various strategic partnerships with healthcare providers, the organisation has contributed over N10.2 billion to boost the sector.

According to Adeniyi, Stanbic IBTC Bank has contributed to the healthcare sector in several ways, including through the CBN Healthcare Sector Loan.

Last year, he added, out of the N10.2 billion, the bank offered N6.7 billion loan for the construction of Baze University Private Teaching Hospital in Abuja, and created a N2 billion Special Fund for health care providers to buy equipment and improve health care delivery.

Adeniyi noted that Stanbic IBTC Bank recently partnered ISN Medical to offer interest-free loans of up to N1.5 billion to clinics, medical laboratories, diagnostic centres, and other healthcare providers to procure medical diagnostic and healthcare products.

He stressed that through collaborations with various stakeholders in the health sector, Nigerians would continue to have easy access to quality healthcare.

On the ISN partnership, Adeniyi said: “We are happy to be part of this partnership. We believe that there are several benefits that both parties can derive from this collaboration. The loan facilities will go a long way in enabling healthcare providers to have access to up to N1.5 billion in medical equipment finance. We believe that our goal of enabling healthcare providers easy access to finance is achievable, especially through ISN Medical, a foremost supplier of medical diagnostic products and services in the country.”

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