Sterling Bank Limited has again demonstrated its commitment to driving economic growth through MSME financing, by clinching three prestigious awards at the fourth Development Bank of Nigeria (DBN) Service Ambassadors Award Ceremony.
The event held in Lagos, designed to strengthen partnerships between DBN and Participating Financial Institutions (PFIs), recognized Sterling Bank’s outstanding contributions in key areas of impact.
The bank emerged victorious in three categories: DMB with the Highest Impact on Youth, DMB with the Highest Impact on Women MSMEs, and the coveted DBN Platinum Service Award.
The latter, being the highest honor of the evening, comes with a N5 million technical assistance grant to further bolster the bank’s efforts in supporting small businesses.
Sterling Bank’s triple win underscores its dedication to fostering entrepreneurship and economic empowerment across diverse segments of society. By focusing on youth and women-led MSMEs, the bank has shown its commitment to inclusive growth and development in Nigeria’s business landscape.
Speaking on the achievement, the Divisional head, Retail & Consumer Banking at Sterling Bank, Edward Ogunmekan expressed pride in the recognition, stating that, “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.”
The DBN Service Ambassadors Award Ceremony serves as a platform to acknowledge and encourage financial institutions that have made significant strides in channeling funds to MSMEs, thereby contributing to job creation and economic diversification.
Sterling Bank’s impressive performance at this year’s event highlights its role as a key player in Nigeria’s financial sector and its positive impact on the country’s entrepreneurial ecosystem.
Sterling Bank stated that with these accolades, it is poised to leverage the additional technical assistance from the Platinum Service Award to enhance its MSME support programs further, promising even greater impact in the coming years.