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Sterling Bank Secures $65 Million Credit Facility From Arab Bank by postbox: 8:23am On Feb 20, 2019 |
The Arab Bank for Economic Development in Africa (BADEA) and Sterling Bank PLC (Nigeria), signed today Monday, February 18, 2019, in Cairo, two loan agreements: the first one is a Line of Credit, which amounts to US $ 15 million to finance private sector projects, and the second one, which amounts to US $ 50 million, is a Line of Credit for financing Arab Exports to African importers, as part of BADEA’s program for financing Foreign Trade. H.E. Dr. Sidi Ould TAH, Director General, signed on behalf of BADEA, while Mr. Adeyemi Odubiyi, Executive Director, Corporate & Investment Banking, signed on behalf of Sterling Bank. The first Line of Credit aims to help the Bank to finance private sector projects in Nigeria by re-lending its resources to its customers. The loan also aims to enhance the role of the private sector in the country’s economic and social development, to contribute to the mobilization of the production and service sectors, creating job opportunities, providing and delivering various goods and services and supporting the country’s budget, through tax revenues, which will enhance opportunities for economic growth and improving the living standards of the population. Within the same context, the two parties also signed a loan agreement to finance a Line of Credit that will be allocated to Trade Finance Operations. This Line of Credit aims to bring Arab goods and products to Nigeria by re-lending its resources to beneficiaries in the country. The Line also aims to encourage and promote trade exchanges between Arab and African countries and help to define African markets for Arab products, and thus help in the growth of Arab Exports destined for Sub-Saharan Africa. SOURCE: https://brandspurng.com/2019/02/19/sterling-bank-secures-65-million-credit-facility-from-arab-bank/ 2 Likes
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Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by lummy5000(m): 9:37am On Feb 20, 2019 |
ftc dedicating it to my grandpa President buhari four more years Mr President go slow and take us to the next level Vote Apc or waste your vote 8 Likes 4 Shares |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by martinsaba: 9:38am On Feb 20, 2019 |
hmmmm |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by ainas247: 9:38am On Feb 20, 2019 |
Second Good news Today, I can't wait for the Final Good news on Saturday Dominate Google page one with your business see results in my profile guaranteed 1 Like |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by YOUNGELDER1(m): 9:39am On Feb 20, 2019 |
Rip Sterling 4 Likes |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by freemanbubble: 9:39am On Feb 20, 2019 |
Okay |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by Reborn14(m): 9:39am On Feb 20, 2019 |
One bank One customer 1 Like |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by AroleOduduwa(m): 9:39am On Feb 20, 2019 |
Lol |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by iamboladee: 9:40am On Feb 20, 2019 |
Nice development. |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by robinsonmfon(m): 9:40am On Feb 20, 2019 |
kk |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by deepsuk(f): 9:41am On Feb 20, 2019 |
Sterling bank dey d most useless bank of nigeria Press like to agree 5 Likes 1 Share |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by nymphomaniac(m): 9:42am On Feb 20, 2019 |
Good for business. Let's hope this stimulates the economy positively |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by Nobody: 9:43am On Feb 20, 2019 |
hot |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by vibbb: 9:46am On Feb 20, 2019 |
I hope they will be sincere about enhancing private sectors, because all dis ppl (banks) after submitting, evaluating and understanding ur business proposal they will end up telling you that their not interested in it, but then after few weeks you will see ur business plans/idea actively running by them. |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by Bustincole(m): 9:50am On Feb 20, 2019 |
dats alot of money |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by forghon: 10:02am On Feb 20, 2019 |
Am very surprised dis is nt termed islamization or d p termed islamic terrorist. 1 Like |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by ahiboilandgas: 10:02am On Feb 20, 2019 |
postbox:they want to Islamise Nigeria 1 Like |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by 3rdavefarms(m): 10:14am On Feb 20, 2019 |
Sterling Bank evil day is ahead 1. They collaborate with NIRSAL TO facilitate farmers risk base investors to come in but failed 2. They finance anchor borrower scheme again they fail 3. Now Arab bank will also fail them sooner or later with bilateral hidden agreement 2 Likes |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by thelastmediator: 10:24am On Feb 20, 2019 |
Now I understand their new slogan... The rising Sun ( doing business with Arabs and middle east). |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by Nobody: 10:52am On Feb 20, 2019 |
What I see is bribe to bring in Arabs goods into Nigeria and other of Africa. I wonder when Africa will sign deals to bring made in Africa goods to other parts of the world. 1 Like |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by Nobody: 11:00am On Feb 20, 2019 |
.... MIRACULOUSLY, I AM STILL YET TO SEE ...... ISLAMISATION of NIGERIA BANKING sector from Commentators 1 Like 1 Share
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Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by hopevalley: 11:52am On Feb 20, 2019 |
Did this bank pass stress test? Click on the link on my signature if you want to be an exporter and make a lot of money. |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by nobilie: 12:36pm On Feb 20, 2019 |
In On Nigeria, when a company takes loan for expansion, it is usually diverted to personal accounts some how. Them the company will struggle till, it folds, is acquired or government comes to save it. Ask, virgin Nigeria, Diamond bank, Etisalat Nigeria, UBA before it was saved and others. I hope this is nat same? |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by soothsayer2: 12:43pm On Feb 20, 2019 |
The management of Sterling Bank should know that the manner you are treating your Outsource Staff is uncalled for and barbaric as if they are not part of the system or they are slaves. Meanwhile, you think most of your loyal customers does not know what is going on. For your information, these outsourced staffs are more committed and dedicated than those useless core staffs you are parading like a king. I learnt from one of them last week that they were not covered with an ordinary HMO not to talk of reasonable loan. We are coming for you this year from NLC, get prepared. |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by soothsayer2: 12:46pm On Feb 20, 2019 |
Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by soothsayer2: 12:43pm The management of Sterling Bank should know that the manner you are treating your Outsource Staff is uncalled for and barbaric as if they are not part of the system or they are slaves. Meanwhile, you think most of your loyal customers does not know what is going on. For your information, these outsourced staffs are more committed and dedicated than those useless core staffs you are parading like a king. I learnt from one of them last week that they were not covered with an ordinary HMO not to talk of reasonable loan. We are coming for you this year from NLC, get prepared. |
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