Sterling Bank takes lead in Retail Banking

From left: Director, Sterling Bank Plc, Dr. (Mrs) Omolara Akanji; Managing Director/Chief Executive Officer, Abubakar Suleiman, Chairman, Asue Ighodalo and the Company Secretary, Justina Lewa, during the Bank’s 56th annual general meeting, held at Eko Hotel, Victoria Island, Lagos. May 17, 2018.

Following giant growth recorded in the recent time, Sterling Bank Plc. has assured its esteemed shareholders of its resolve for a continued aggressive expansion of its retail business for further growth.

This, according to the lender will position it as a leading bank in this segment in the nations financial industry.

Addressing shareholders at banks 56th Annual General Meeting held today in Lagos, the Managing Director/CEO of the bank Abubakar Suleiman pointed out the bank was leveraging on electronic banking, investment in key areas like oil and gas, agriculture among others to drive home the growth.

Shareholders at the meeting commended the staff and management of the bank for their commitment even as they suggested ways for further improvement. Timothy Adesina lauded the bank for its improvement which led ATM terminals increment to the tune of 835, 179 branches and customers in excess of three million.

Similarly, Odarinde Otaru called on the bank to leverage on currency swap with China, investment with Dangotte Group and proposed MTN 10 billion share to be listed on the exchange and electronic banking to ensure returns to shareholders. Let’s have a robust electronic platform. We can grow tremendously, let’s leverage on it, it will do us good” he said.

He equally called for training and retaining of the bank’s management staff.

Earlier in his remarks, the Chairman of the bank Asue Ighodalo stated that despite the slow recovery in the nation’s economy, ” we have continued to enhance shareholders value.

Gross revenue rose by 19.8 per cent from N111.4 billion to N133.5 billion”, he acclaimed

Shareholders at the meeting approved a dividend pay out of two per share. This is payable to all investors of the bank whose names appeared in the company register.

Source: http://www.supernewsng.com/2018/05/17/