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Breaking News | Bank boosts SMEs with N23.96bn loan in 12 months


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Ag. Company Secretary, Sun Trust Bank,Mayokun Awolola(left); Managing Director/ Chief Executive Officer, Sun Trust Bank, Hajiya Halima Buba, Chairman, Sun Trust Bank, Olanrewaju Shittu, Non -Executive Director, Sun Trust Bank, Barr. Charles Musa, Executive Director, Sun Trust Bank, Umar Dan- Umma, at the Sun Trust Bank Nigeria Limited, 2019 Annual General Meeting, on the 19th December 2020
In its commitment to growing the small and medium scale enterprises (SMEs), SunTrust Bank gave out N23.96 billion as loans and advances to the sector in 2019.
The information was contained in the bank’s annual report made available to The Guardian at the weekend. The Chairman, Olanrewaju Shittu, while addressing the shareholders at the bank’s fourth annual general meeting (AGM), held in Lagos, said despite the challenges of the year under review, the bank was still able to increase its balance sheet by 24.61 per cent from N43.97 billion to N54.79 ....

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