Lagos, August 28, 2024 — Sterling Bank Limited has been recognized for its outstanding contributions to the growth and development of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria, emerging as a multiple award winner at the fourth Development Bank of Nigeria (DBN) Service Ambassadors Award Ceremony and Dinner held recently in Lagos.
In a statement released by the bank on Wednesday, it was announced that Sterling Bank won in three significant categories: DMB with the Highest Impact on Youth, DMB with the Highest Impact on Women MSMEs, and the prestigious DBN Platinum Service Award. The DBN Platinum Service Award, the highest accolade of the evening, also came with a N5 million technical assistance grant.
The DBN Service Ambassadors Award Ceremony is an annual event that recognizes and encourages financial institutions that have excelled in providing funding to MSMEs, thereby playing a crucial role in job creation and economic diversification across the country.
Edward Ogunmekan, the Divisional Head of Retail & Consumer Banking at Sterling Bank, expressed pride in the bank’s achievements, stating, “These awards are a testament to Sterling Bank’s unwavering commitment to empowering Nigerian entrepreneurs, particularly youth and women. We believe that by supporting MSMEs, we are not just growing businesses, but building the foundation for a more robust and inclusive economy. This recognition from DBN further motivates us to intensify our efforts in driving sustainable economic growth through strategic financing initiatives.”
Sterling Bank’s recognition underscores its pivotal role in advancing the MSME sector in Nigeria, particularly through initiatives that empower youth and women entrepreneurs, fostering a more inclusive and sustainable economic environment.
