Vunderkind
Social Member
Sterling Bank has suffered a bout of inactivity in the nation’s capital market after the meltdown in 2008, but it looks like this bank is now set to cover lost ground with its recent bid opening for N12.5 billion.
In an interview granted by the CEO of Sterling Bank, Yemi Adeola to BusinessNews, the CEO expressed confidence in the bank’s ability to reclaim as much as 5% of the banking industry in 2016. He said this was now possible in spite of the spillover effect of the 2008/2009 financial crisis, because the recent reforms in the capital markets have begun to take effect, and market confidence was peaking with a resurgence of crucial indices.
Yemi Adeola stated that the funds gotten from the bid will be put in key areas of the business to enhance their expansion goals.
