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During the meeting, Dr. Faruk Umar, President of Association for the Advancement of the Rights of Shareholders (AARNS), commended the company for its transition into a Holdco structure.
Source: https://theeagleonline.com.ng/shareholders-praise-sterling-holdco-performance-leadership/
So, I think I'll talk about the Holdco runway run rate expenses.
Zenith Bank and Sterling Bank recently got approvals in principle to convert to Holdcos, following FBN Holdings, Stanbic IBTC Holdings, FCMB Group, and GTCO as NGX-listed banks, who currently operate Holdco structures.
Source: https://ogtv.com.ng/2023/04/08/cbn-tight-monetary-policy-affecting-banks-profits-says-operator/