Stanbic IBTC creates N2b special fund for health sector

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Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has  unfolded a special financing solution worth N2billion for health care providers.

This entails flexible loan facilities to enable the beneficiaries to buy equipment and improve health care delivery.

Executive Director, Business and Commercial Clients, Stanbic IBTC Bank, Remy Osuagwu, said: “Healthcare is a basic need that everyone should be able to access easily. The COVID-19 pandemic has increased the pressure on the health sector and there is a need to adequately equip health care facilities to enable hospitals and laboratories deliver quality service and boost the confidence of Nigerians in that sector.

“Nigeria’s health care system is underfunded and the least robust in Africa. Stanbic IBTC has decided to provide capital that will enhance the health frameworks and bridge the gaps in health care.

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“From health insurance cover to funding for quality medical equipment, we have product offerings – tailor-made to serve our clients.’’

According to him, the scheme offers a maximum of N2 billion.

Osuagwu added that the institution’s team of experts were available to offer advice to its customers and that the loans are available to key players in the health sector such as pharmaceutical and medical product manufacturers, logistics and healthcare service providers.

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