THE STERLING BANK INTERVIEW: “It is time for both the private and public sector to take responsibility for the growth of the manufacturing sector and actively play their part”

Exclusive interview with Abubakar Suleiman –The Executive Director Finance & Strategy, Sterling Bank Plc – Sterling Bank is exhibiting at the upcoming Nigeria Manufacturing Expo in Lagos from 15-17 March.

Can we start with some background about Sterling Bank? There is a proud history here

Sterling Bank evolved from the nation’s pre-eminent investment banking institution (NAL Merchant Bank) to a full-fledged commercial bank. Sterling Bank is a result of NAL Bank’s merger with four other banks – Indo-Nigeria Merchant Bank, Magnum Trust Bank, NBM Bank and Trust Bank of Africa during the 2006 consolidation of the Nigerian banking industry.

In furtherance of its growth strategy, the Bank consummated a business combination with Equitorial Trust Bank in 2011, positioning the enlarged entity to better benefit from the significant commercial opportunities in the evolving banking landscape and the Nigerian economy in general.

In a space of about 10 years, Sterling Bank has grown by over 600% in asset base and has also increased its market share from around 1% to over 3%.

What services offered by Sterling Bank are you most excited about at the moment?

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