NewsDeskNg

SunTrust Bank Surpasses ₦50bn Recapitalisation Target After Successful Private Placement 

SunTrust Bank’s paid-up capital climbed to about ₦51.1bn after private placement, beating the recapitalisation deadline. SunTrust Bank Nigeria Limited has exceeded the ₦50 billion recapitalisation benchmark following the successful completion of its private placement exercise. Industry sources indicate that the bank’s total paid-up capital has risen to approximately ₦51.1 billion,...
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