Skip to main content

CBN grants Suntrust Bank operational license

By
Suntrust Bank Limited has been granted operational license by the Central Bank of Nigeria (CBN).
This brings the number of commercial banks in the country to 23, and also represents the first fresh banking license issued by the CBN since 2001.

In a press statement made available to pressmen, the Managing Director/Chief Executive, SunTrust Bank Nigeria Limited, Mr. Muhammad Jibrin Barde, said: “SunTrust Bank will be formally presented to the public during the first quarter of 2016.
“Having met the very stringent conditions set by the Central Bank of Nigeria, CBN, I am excited to announce that the CBN granted its final approval to SunTrust Bank Nigeria Limited to operate as a Commercial Bank with Regional Authorisation on September 17, 2015, 1 year 2 months after application.
“This is indeed a remarkable feat as ours is the only fresh license to be issued by the CBN since 2001. Our journey as a bank since 2009 details the courageous decisions and heroic self-sacrifice of all the people that made SunTrust assent possible. In the years to come, the developments at SunTrust should have far-reaching influence in the banking sector specifically and our nation generally.”

Comments

Post a Comment

Popular Posts

I don’t care what people say about my age –Halima Abubakar

By
Kogi State-born actress, Halima Abubakar, certainly doesn’t care whose ox is gored especially since she went public about her age. Immediately she went on the social media to declare that she is 30 years, some of her fans and critics began to diss her. While some claim that she certainly couldn’t be 30 years, others accused her of shortening her age by at least five years. But while speaking to Saturday Beats, the actress said she wasn’t bothered about the ‘ranting’ of other people, saying she knows her age and is proud of it. “I have said what my real age is. I am 30, I am not bothered in any way about what people say,” she told Saturday Beats on the phone. (JAB)
Post a Comment
Read full story »

#FULL TIME: Barcelona win UEFA Champions League, beat Juventus 3-1

By
Barcelona have won their fifth European Cup in 23 years, their fourth Champions League in nine years. They have joined Liverpool and Bayern Munich in the quintuple stakes. They deserved it but Juventus had them rocking and played very well, particularly in midfield. Goals from Rakitic, Neymar, and Suarez sealed the victory for Barcelona. It ended Barcelona 3, Juventus 1.
Post a Comment
Read full story »