BRIEF-Standard Bank updates on FRCN notification relating to Stanbic IBTC
Oct 30 (Reuters) - Standard Bank Group Ltd
* In context of co, potential financial effect of FRC Nigeria notification relating to Stanbic IBTC is not material
* Legal advice has been received that both FRCN's notification, and an associated purported FRCN fine against Stanbic IBTC of NGN 1 billion
* Standard Bank group fully supports stanbic IBTC in its response to frcn
* Both Stanbic IBTC and group remain in close contact with relevant banking regulators. Source text for Eikon: Further company coverage:
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