" ITREALMS: SunTrust Bank soars in first year

pages

Thursday, April 13, 2017

SunTrust Bank soars in first year

The SunTrust Bank Nigeria Limited has released its financial performance for the year ended December 31, 2016, showing a clear message of determination to succeed and deliver value to all stakeholders, reports ITRealms.

SunTrust Bank, ITRealms gathered, began commercial banking activities last year with the vision to “offer high quality retail and commercial banking services in a modern and innovative manner” according to the Managing Director and Chief Executive Officer of the bank, Mr. Muhammed Jubrin.

“We will use technology and a new way of thinking to provide banking services to many people and businesses in Nigeria for whom access to a bank account has previously been impossible. We will offer telephone, mobile and Internet banking underpinned by the traditional banking ethics of probity and integrity,” he declared.

And going by the results of the bank for 2016, the future is very bright for all stakeholders. The bank grew its bottom-line by 160.2 per cent as profit before tax (PBT) rose from N131.9 million to N343.34 million in 2016.

In all, the bank he said recorded net interest income of N935.892 million in 2016, up from N220 million in 2015, while net fee and commission income improved from N65.389 million to N92.378 million in 2016.

“SunTrust Bank ended the year with a profit after tax (PAT) growth to 74.57 per cent from N121.844 million in 2015 to N212.707 million in 2016,” he said.


Ayo Midele/GEE
ITREALMS ... everything news digitally! Short URLs: goo.gl, mcaf.ee, cli.gs

3 comments:

  1. Anonymous10:46 am

    Install game guardian iphone while the android individuals Game Guardian iOS When you have actually made it possible for the 'Unknown resources' choice.

    ReplyDelete
  2. It is a broken application store app which is used to download and install AC Market APK You have to tap on Acmarket Apk data in your download folder.

    ReplyDelete
  3. the Android box initiates the look for the wanted terms. Greatwebsitebuilder You just need an Amazon.com account to access Fire TV. Android TV Box Over below, the credit rating goes to Get brand new Android TV Box Fire TV could be gettinged at a shoestring budget. Best Android TV Box It has a suitable 8GB internal memory which Know More this biased advertisement.

    ReplyDelete