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Temiloluwa O’Peters
In its commitment to make the growth of the small and medium scale enterprises its primary focus, SunTrust Bank gave out N23.96bn as loans and advances to the sector in 2019.
This information was contained in the bank’s annual report, made available to our reporter on Saturday.
The Chairman, Olanrewaju Shittu, while addressing shareholders at the bank’s fourth Annual General Meeting in Lagos, noted that the bank had been able to increase its balance sheet by 24.61 per cent from N43.97bn to N54.79bn.
The Managing Director and Chief Executive of the bank, Halima Buba, reiterated the commitment of the bank to the growth of the nation’s economy through effective funding of the real sector.