CBN okays Sterling Bank’s move to restructure as Holding Company

It said: “The Holding Company is designed to operate on 3 major premises – Specialization, Partnership and Digitization. The Conventional Bank will focus on building skills and using technology to provide solutions in the areas that are critical to development in the country – Health, Education, Agriculture, Renewable Energy, Transportation .

“The overall business will focus on social impact, corporate responsibility and the highest ethical standards in its dealings. Our Digitization drive will create an enabling environment for both financial institutions to grow while providing services and support to build efficiencies in different ecosystems.”

The bank said execution of its plans is fully dependent on interwoven operating model of agility, specialization and digitization. “Essentially, for us to be successful, we require people who are adaptable and knowledgeable running processes that are simple, quick and tech-led to ensure efficiency,” it said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sterling Bank gets CBN’s nod for holding companySterling bank was defrauded by Adewoye Adetunji in 2010. The EFCC coordinated the case. Now 10 years later using Alaba Adebajo of UT Financial Services Nigeria Ltd Adetunji defrauds Menzgold customers of $51m. The EFCC deleting warrants 1 day before major court case. Why?
Source: MobilePunch - 🏆 8. / 63 Read more »

Access Bank to become holding company; moves into South African marketAccess Bank also announced definitive agreements to bolster its market position in Mozambique and enter the South African market. Nice. Access Bank Mozambique
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Stocks gain N54bn, Sterling to restructureThe equities market maintained a positive trend as buying interest in Zenith (+1.2 per cent), Dangote Sugar (+1.6%), and ETI (+2.4%) lifted the benchmark index
Source: Daily Trust - 🏆 13. / 51 Read more »