SunTrust Bank holds 10th AGM, reaffirms commitment to growth, transformation of stakeholder value

SunTrust Bank Nigeria Limited has held its 10th Annual General Meeting (AGM) at the Park Inn by Radisson, Victoria Island, Lagos, bringing together shareholders, regulators, members of the Board of Directors, and other key stakeholders to review the Bank’s performance and chart a course for its next phase of growth.

The AGM marked a significant milestone in the Bank’s journey, commemorating ten years of operations and reaffirming its commitment to delivering sustainable value to customers, shareholders, employees, and the wider Nigerian economy.

In his address, Olanrewaju Shittu, the Chairman of the Board, reflected on the Bank’s decade-long journey, acknowledging both the achievements recorded and the evolving realities of the banking landscape, particularly the Bank’s successful recapilisation within the window provided by the Central Bank of Nigeria (CBN).

The Chairman described the achievement as a significant milestone in the Bank’s history and commended shareholders, regulators, customers, and employees for their collective support and confidence throughout the process.

“This milestone not only reinforces the resilience of our institution but also positions us to pursue larger opportunities, deepen customer engagement, invest in technology, and create sustainable value for shareholders. I congratulate our shareholders, regulators, Board, Management, and employees whose commitment made this achievement possible,” he said.

Shareholders considered and approved the Bank’s statutory resolutions for the 2025 financial year and expressed confidence in management’s focus on technology-led transformation, customer experience enhancement, operational efficiency, and sustainable profitability.

Speaking on the Bank’s outlook, Kudi Badmus, the Acting Managing Director, expressed confidence in the Bank’s strategic direction and readiness for the future.

“SunTrust Bank is entering a new phase of its evolution. We have strengthened our foundations, sharpened our strategic focus, and are investing in the people, processes, and technology required to compete and win in the future.

“We remain optimistic about the opportunities ahead and are committed to creating long-term value for our stakeholders. We thank our customers and shareholders for their unwavering support and encourage them to remain confident in the Bank’s vision, resilience, and growth trajectory.”

As SunTrust Bank embarks on its next chapter, the institution remains focused on strengthening governance, accelerating innovation, enhancing customer experience, and building a future-ready bank positioned for sustained growth and profitability.

Ifeoma Okeke-Korieocha

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.