The Board of Sterling Bank Plc at the recent Annual General Meeting (AGM) explained to shareholders that its decision to adopt a modest sustainable dividend policy was in line with the bank’s long-term commitment to creating sustainable shareholders’ value and grow its business continuously in spite of macroeconomic challenges.

The Chairman of Sterling Bank Plc, Mr Asue Ighodalo, said the bank places priority on the interest of shareholders while maintaining adequate capital buffers to support the sustainable growth of the business.

He assured the shareholders that the board and management of the bank are committed to delivering value to them as they continue to drive the growth and profitability of the business towards creating a world-class financial institution of choice.

He noted that in spite of the challenges caused by COVID-19 pandemic in 2020, the bank remained focused on continued strategic development of its core pillars of digitisation, agility and specialisation.