10 November 2012

Nigeria: Sterling Bank Pledges Support for MFBs

Sterling Bank Plc has expressed its preparedness to assist Microfinance Banks (MFBs) in the country to access the N220 billion Micro, Small and Medium Enterprise Development Fund (MSMEDF) to be inaugurated this month.

Managing Director/Chief Executive Officer, Sterling Bank Plc, Mr. Yemi Adeola, said this at a special customers' forum organised by the bank for MFB operators.

Adeola said the apex bank's initiative was aimed at strengthening the MFB sub-sector to make it play its primary role of financial support for economic growth.

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