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Sterling Bank Fetches Investors 10% Capital Appreciation
Investors in Sterling Bank Plc witnessed a capital gain of 10 per cent at the stock market last week following high demand for the stock. The stock was among those that closed last year lower, a development that offered an attractive entry opportunity for investors.
Some discerning investors are said to be taking advantage of the price to increase their stake in the bank. Consequently, the share price of Sterling Bank Plc rose from N0.70 to N0.77.
Market analysts said the bank has very bright prospects given its operational strategy. The financial institution last week got commendation from President Muhammed Buhari for its commitment to supporting government’s initiative to provide qualitative and affordable health services to Nigerians through strategic partnership with the Ministry of Health. Buhari, spoke while inaugurating the Model Primary Health Care Centre for Universal Coverage in Nigeria in
Abuja.
According to him, the support would serve as an enabler for the Health Ministry to achieve its goal of revamping the health sector.
The president specifically commended the bank for its foresight, innovation and financing support for the project which is focused on ensuring sustainable health for vulnerable women, children and the elderly at little or no cost to beneficiaries.
Speaking on the partnership, the Managing Director and Chief Executive of the Sterling Bank, Mr. Yemi Adeola noted that the bank has already accepted the request of the Honorable Minister of Health to serve as a primary partner to the Ministry on all health-related developments.
“At Sterling Bank, we believe health is extremely important: to value health, you need to visit a hospital to see what people are passing through. As you probably know, there are so many worthy causes, but when it comes to health, it’s too critical because the health of a nation is determined by the health of the citizenry and is pivotal to the sustained economic growth of a nation. Therefore, we are pleased to partner with the Federal Ministry of Health and support the very hardworking minister who is doing a very good job to give quality health to our people,” Adeola said.
He disclosed that the bank is already providing financial and logistics support to operators in the sector across the value chain with assurance that the bank would focus on the entire ecosystem of the health sector.
Adeola explained that as part of the bank’s commitment to a healthy environment, Sterling Bank has invested over N500 million in various activities under our Sterling Make Over (STEM) social responsibility initiative.
