Ten months after it was granted a regional commercial banking licence by the Central Bank of Nigeria, SunTrust Bank Limited was unveiled to the public on Monday August 15.


The bank vowed to provide cutting edge banking services to its customers around the country.

On September 15 last year, the Central Bank of Nigeria (CBN) awarded SunTrust Bank its first new commercial banking license in 15 years.

In a statement by its Chief Executive Officer (CEO), Muhammad Jibrin, the bank said its vision is “to offer high quality retail and commercial banking services in a modern and innovative manner.

“We will use technology and a new way of thinking to provide banking services to many people in Nigeria for who 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,” Jibrin said.

He added that SunTrust’s journey as a bank, which started since 2009, “details the courageous decisions and heroic self-sacrifice of all the people that made SunTrust assent possible.”

“In the years to come, the developments at SunTrust should have far-reaching influence in the banking sector specifically and our nation generally,” Jibrin said.

He added that the bank began business on August 1 and invited  the public to open account with SunTrust online.

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