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Sterling Bank, a leading Nigerian financial institution renowned for its commitment to purpose-driven banking, has announced a strategic partnership with the ECOWAS Bank for Investment and Development (EBID) to deploy $50 million in long-term funding to Nigerian businesses across critical growth sectors.
The Senior Unsecured Facility further enhances Sterling Bank’s Corporate and Investment Banking capabilities and aligns with its vision of financing enterprises that drive real economic value and national development.
“This facility is not just about expansion; it’s about impact at scale,” said Dele Faseemo, Group Executive, Corporate and Investment Banking at Sterling Bank. “We are proud to be the bank of choice for development finance partners like EBID, who share our vision of inclusive and sustainable economic growth.”
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Sterling Bank has built a strong track record of supporting Nigeria’s real sectors through strategic investments in what it refers to as the HEART sectors—Health, Education, Agriculture, Renewable Energy, and Transportation. This new partnership with EBID is a testament to Sterling’s operational excellence, governance strength, and ability to deliver on large-scale, transformative projects.
“With this $50 million facility, we are better positioned to provide flexible, competitively priced financing to innovative enterprises ready to scale their impact,” Faseemo added. “Whether it’s renewable energy developers advancing climate-smart solutions or manufacturers expanding local capacity, Sterling remains the go-to bank for businesses building the future.”
The facility underscores global and regional confidence in Sterling Bank’s ability to deploy capital effectively and drive meaningful outcomes across Nigeria and West Africa. It also marks another milestone in the bank’s journey to becoming a leader in sustainable finance.
Sterling Bank continues to attract strategic alliances with top-tier development finance institutions worldwide, reinforcing its long-term strategy of catalyzing inclusive economic transformation across Africa.
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